The Law of Supply and Demand tells us we can use the Market Price to understand the relationship between supply and demand
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In Corn and Soybeans, the winter quarter saw available stocks-to-use tighten, though neither situation is tight.
Commodity Bulletin: From crude oil to coffee, this FREE newsletter is for industry pros and rookies alike As for US wheat, available supplies will not be running out any time soon.
As you know, last Friday was a quadruple denouement as it brought about the close of the week, month, season (winter, according to the meteorological calendar), and quarter (in the Grains sector). All four of these were important to me, both personally and professionally. On the personal side, while I see the point of all four seasons, I seldom shed a tear as winter passes and spring begins. After all, Major League Baseball’s 2025 season gets rolling for real later this month. Finally. On the professional side, the end of the week, month, and quarter provide a lot of fodder for analysts, with my focus turning to grain stocks on hand. What’s that you say? USDA doesn’t release its quarterly Grain Stocks report until the end of this month? Yes, I’m aware of that. And like the accountants and economists at USDA, I have no idea what US grain stocks actually were at the end of February – be it bushels, metric tons, whatever. But nobody else does either, regardless of the imaginary numbers released at the end of March. However, I do know what the available stocks-to-use situation was for the various Grain markets as the quarter came to an end, so there’s that advantage.
