New Crop Soybean Balance Sheet Estimates
The May WASDE is the most anticipated report of spring as it provides the USDA’s initial forecast 2020/21 forecast. Ahead of the report, the production figure that the USDA will use is largely known. The USDA will use the acreage figure that NASS reported in the Prospective Plantings report at 83.5 Mil acres. With a…