Corn Soybeans Soybean Meal Soybean Oil Wheat By
Corn Planted Acres Harvested Acres Yield Beginning Stocks Production Imports Total Supply Feed/Residual Food/Seed/Industrial Ethanol Domestic Use Exports Total Use Ending Stocks Stocks/Use Ratio Avg. Farm Price (c/lb.)
Sep 12 2016/17 94.0 86.7 174.6 1737 15148 55 16940 5425 6870 5435 12295 2295 14590 2350 16.1% 3.35
Oct 12 2016/17 Change 94.0 0.0 86.7 0.0 174.6 0.0 1737 0 15148 0 57 2 16942 2 5464 39 6890 20 5438 3 12354 59 2293 -2 14647 57 2295 -55 15.7% 3.36
Sep 12 2017/18 90.9 83.5 169.9 2350 14184 50 16585 5475 6925 5475 12400 1850 14250 2335 16.4% 2.80-3.60
Oct 12 2017/18 90.4 83.1 171.8 2295 14280 50 16625 5500 6935 5475 12435 1850 14285 2340 16.4% 2.80-3.60
Soybeans Change -0.5 -0.4 1.9 -55 96 0 40 25 10 0 35 0 35 5
Planted Acres Harvested Acres Yield Beginning Stocks Production Imports Total Supply Crush Exports Seed Residual Total Use Ending Stocks Stocks/Use Ratio Avg.Farm Price ($/bu.)
Soybean Meal Soybean Oil Beginning Stocks Production Imports Total Supply Domestic Use Exports Total Use Ending Stocks Stocks/Use ratio Avg. Farm Price (c/lb.)
Sep 12 2016/17 1687 22040 350 24077 19700 2550 22250 1827 8.2% 32.50
Oct 12 Sep 12 Oct 12 2016/17 Change 2017/18 2017/18 1687 0 1827 1632 22020 -20 22505 22505 325 -25 325 300 24032 -45 24667 24437 19850 150 20800 20800 2550 0 2100 2100 22400 150 22900 22900 1632 -195 1757 1537 7.3% 7.7% 6.7% 32.48 32.5-36.5 32.5-36.5
Change -195 0 -25 -230 0 0 0 -220
Beginning Stocks Production Imports Total Supply Domestic Exports Total Use Ending Stocks Stocks/Use ratio Avg. Farm Price (c/lb.)
Wheat By Class All Wheat Planted Acres Harvested Acres Yield Beginning Stocks Production Imports Total Supply Food Seed Feed/Residual Domestic Use Exports Total Use Ending Stocks Stocks/Use Ratio Avg. Farm Price ($/bu.)
Sep 12 2016/17 50.2 43.9 52.6 976 2310 118 3403 949 61 154 1164 1055 2219 1184 53.4% 3.89
Oct 12 2016/17 Change 50.1 -0.1 43.9 0 52.7 0.1 976 0 2309 -1 118 0 3402 -1 949 0 61 0 157 3 1167 3 1055 0 2222 3 1181 -3 53.2% 3.89
Sep 12 2017/18 45.7 38.1 45.6 1184 1739 150 3074 950 66 150 1166 975 2141 933 43.6% 4.30-4.90
Oct 12 2017/18 46.0 37.6 46.3 1181 1741 150 3071 950 66 120 1136 975 2111 960 45.5% 4.40-4.80
Change 0.3 -0.5 0.7 -3 2 0 -3 0 0 -30 -30 0 -30 27
This material has been prepared by a sales or trading employee or agent of CHS Hedging, LLC. and should be considered a solicitation. This communication may contain privileged and/or confidential information and is intended only for the use of the individual or entity to which it is addressed. If the reader of this message is not the intended recipient, you are hereby notified that any unauthorized dissemination, distribution, and/or use of this communication is strictly prohibited. CHS Hedging, LLC. makes no representation or warranty regarding the correctness of any information contained herein, or the appropriateness of any transaction for any person. There is a risk of loss when trading commodity futures and options.
Sep 12 Oct 12 Sep 12 Oct 12 2016/17 2016/17 Change 2017/18 2017/18 Change 83.4 83.4 0.0 89.5 90.2 0.7 82.7 82.7 0.0 88.7 89.5 0.8 52.1 52 -0.1 49.9 49.5 -0.4 197 197 0 345 301 -44 4307 4296 -11 4431 4431 0 25 22 -3 25 25 0 4528 4515 -13 4801 4757 -44 1895 1899 4 1940 1940 0 2170 2174 4 2250 2250 0 104 105 1 101 101 0 14 36 22 35 35 0 4183 4214 31 4326 4326 0 345 301 -44 475 430 -45 8.2% 7.1% 11.0% 9.9% 9.50 9.47 8.35-10.058.35-10.05 Sep 12
Oct 12
Sep 12
Oct 12
2016/17 2016/17 Change 2017/18 2017/18 Change 264 264 0.0 325 300 -25.0 44611 44636 25.0 46070 46100 30.0 350 350 0.0 300 300 0.0 45225 45250 25.0 46700 46700 0.0 33150 33300 150.0 34200 34200 0.0 11750 11650 -100.0 12200 12200 0.0 44900 44950 50.0 46400 46400 0.0 325 300 -25.0 300 300 0.0 0.7% 0.7% 0.6% 0.6% 315 316.88 290-330 290-330 Hard
Hard
Soft
Projected 2017/2018 Beginning Stocks Production Total Supply Domestic Use Exports Total Use Ending Stocks Stocks/Use Ratio
Winter 589 750 1,347 470 390 860 487 56.6%
Spring 235 385 693 266 265 531 162 30.5%
Red 215 292 523 212 90 302 221 73.2%
White 105 258 373 100 210 310 63 20.3%
Durum 36 55 135 88 20 108 27 25.0%
Total 1,180 1,740 3,071 1,136 975 2,111 960 45.5%
Change from previous month Beginning Stocks Production Total Supply Domestic Use Exports Total Use Ending Stocks Stocks/Use Ratio
Hard Winter
Hard Spring
Soft Red
White
Durum
Total
-4 -8 -11 -25 -10 -35 24 0.05
0 21 21 0 5 5 16 0.03
0 -14 -13 -5 0 -5 -8 -0.01
0 -2 -2 0 5 5 -7 -0.03
0 4 3 0 0 0 3 0.03
-4 1 -2 -30 0 -30 28 0.02
Sep 12 2016/17 94.0 86.7 174.6 1737 15148 55 16940 5425 6870 5435 12295 2295 14590 2350 16.1% 3.35
Oct 12 2016/17 Change 94.0 0.0 86.7 0.0 174.6 0.0 1737 0 15148 0 57 2 16942 2 5464 39 6890 20 5438 3 12354 59 2293 -2 14647 57 2295 -55 15.7% 3.36
Sep 12 2017/18 90.9 83.5 169.9 2350 14184 50 16585 5475 6925 5475 12400 1850 14250 2335 16.4% 2.80-3.60
Oct 12 2017/18 90.4 83.1 171.8 2295 14280 50 16625 5500 6935 5475 12435 1850 14285 2340 16.4% 2.80-3.60
Soybeans Change -0.5 -0.4 1.9 -55 96 0 40 25 10 0 35 0 35 5
Planted Acres Harvested Acres Yield Beginning Stocks Production Imports Total Supply Crush Exports Seed Residual Total Use Ending Stocks Stocks/Use Ratio Avg.Farm Price ($/bu.)
Soybean Meal Soybean Oil Beginning Stocks Production Imports Total Supply Domestic Use Exports Total Use Ending Stocks Stocks/Use ratio Avg. Farm Price (c/lb.)
Sep 12 2016/17 1687 22040 350 24077 19700 2550 22250 1827 8.2% 32.50
Oct 12 Sep 12 Oct 12 2016/17 Change 2017/18 2017/18 1687 0 1827 1632 22020 -20 22505 22505 325 -25 325 300 24032 -45 24667 24437 19850 150 20800 20800 2550 0 2100 2100 22400 150 22900 22900 1632 -195 1757 1537 7.3% 7.7% 6.7% 32.48 32.5-36.5 32.5-36.5
Change -195 0 -25 -230 0 0 0 -220
Beginning Stocks Production Imports Total Supply Domestic Exports Total Use Ending Stocks Stocks/Use ratio Avg. Farm Price (c/lb.)
Wheat By Class All Wheat Planted Acres Harvested Acres Yield Beginning Stocks Production Imports Total Supply Food Seed Feed/Residual Domestic Use Exports Total Use Ending Stocks Stocks/Use Ratio Avg. Farm Price ($/bu.)
Sep 12 2016/17 50.2 43.9 52.6 976 2310 118 3403 949 61 154 1164 1055 2219 1184 53.4% 3.89
Oct 12 2016/17 Change 50.1 -0.1 43.9 0 52.7 0.1 976 0 2309 -1 118 0 3402 -1 949 0 61 0 157 3 1167 3 1055 0 2222 3 1181 -3 53.2% 3.89
Sep 12 2017/18 45.7 38.1 45.6 1184 1739 150 3074 950 66 150 1166 975 2141 933 43.6% 4.30-4.90
Oct 12 2017/18 46.0 37.6 46.3 1181 1741 150 3071 950 66 120 1136 975 2111 960 45.5% 4.40-4.80
Change 0.3 -0.5 0.7 -3 2 0 -3 0 0 -30 -30 0 -30 27
This material has been prepared by a sales or trading employee or agent of CHS Hedging, LLC. and should be considered a solicitation. This communication may contain privileged and/or confidential information and is intended only for the use of the individual or entity to which it is addressed. If the reader of this message is not the intended recipient, you are hereby notified that any unauthorized dissemination, distribution, and/or use of this communication is strictly prohibited. CHS Hedging, LLC. makes no representation or warranty regarding the correctness of any information contained herein, or the appropriateness of any transaction for any person. There is a risk of loss when trading commodity futures and options.
Sep 12 Oct 12 Sep 12 Oct 12 2016/17 2016/17 Change 2017/18 2017/18 Change 83.4 83.4 0.0 89.5 90.2 0.7 82.7 82.7 0.0 88.7 89.5 0.8 52.1 52 -0.1 49.9 49.5 -0.4 197 197 0 345 301 -44 4307 4296 -11 4431 4431 0 25 22 -3 25 25 0 4528 4515 -13 4801 4757 -44 1895 1899 4 1940 1940 0 2170 2174 4 2250 2250 0 104 105 1 101 101 0 14 36 22 35 35 0 4183 4214 31 4326 4326 0 345 301 -44 475 430 -45 8.2% 7.1% 11.0% 9.9% 9.50 9.47 8.35-10.058.35-10.05 Sep 12
Oct 12
Sep 12
Oct 12
2016/17 2016/17 Change 2017/18 2017/18 Change 264 264 0.0 325 300 -25.0 44611 44636 25.0 46070 46100 30.0 350 350 0.0 300 300 0.0 45225 45250 25.0 46700 46700 0.0 33150 33300 150.0 34200 34200 0.0 11750 11650 -100.0 12200 12200 0.0 44900 44950 50.0 46400 46400 0.0 325 300 -25.0 300 300 0.0 0.7% 0.7% 0.6% 0.6% 315 316.88 290-330 290-330 Hard
Hard
Soft
Projected 2017/2018 Beginning Stocks Production Total Supply Domestic Use Exports Total Use Ending Stocks Stocks/Use Ratio
Winter 589 750 1,347 470 390 860 487 56.6%
Spring 235 385 693 266 265 531 162 30.5%
Red 215 292 523 212 90 302 221 73.2%
White 105 258 373 100 210 310 63 20.3%
Durum 36 55 135 88 20 108 27 25.0%
Total 1,180 1,740 3,071 1,136 975 2,111 960 45.5%
Change from previous month Beginning Stocks Production Total Supply Domestic Use Exports Total Use Ending Stocks Stocks/Use Ratio
Hard Winter
Hard Spring
Soft Red
White
Durum
Total
-4 -8 -11 -25 -10 -35 24 0.05
0 21 21 0 5 5 16 0.03
0 -14 -13 -5 0 -5 -8 -0.01
0 -2 -2 0 5 5 -7 -0.03
0 4 3 0 0 0 3 0.03
-4 1 -2 -30 0 -30 28 0.02
