The USDA confirms strong demand for corn and soybeans during the first quarter of the 2020/21 marketing year.

On December 1st, corn stocks were 11.322 billion bushels, down slightly on the year, with indicated first quarter disappearance of 4.78 billion bushels, compared to 4.51 billion a year ago. On farm stocks were 7.046 billion bushels, 1% lower, and off farm stocks were 4.276 billion bushels, 1% higher.

Soybean stocks were 2.933 billion bushels, a year to year drop of 10%, with a 43% surge in implied quarterly demand.

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