{"id":4925,"date":"2019-03-14T13:20:19","date_gmt":"2019-03-14T17:20:19","guid":{"rendered":"https:\/\/www.fundamentalanalytics.com\/?p=4925"},"modified":"2019-03-14T13:27:56","modified_gmt":"2019-03-14T17:27:56","slug":"commodity-market-update-march-12-2019","status":"publish","type":"post","link":"https:\/\/www.fundamentalanalytics.com\/pt\/commodity-market-update-march-12-2019\/","title":{"rendered":"Commodity Market Update March 13, 2019"},"content":{"rendered":"<p class=\"lead\" style=\"text-align: left;\"><strong>Commodity Market Update March 13, 2019<\/strong><\/p>\n<p><strong>Grains<\/strong><\/p>\n<p>Last Friday the USDA released the March WASDE (World Agriculture Supply Demand Estimates)<br \/>\nreport. The average estimate for soybeans ending stocks was 902 million bushels; the report<br \/>\nwas at 900 million bushels (Chart 1, 2018 bar). The estimate was close to the actual, and the<br \/>\ndata remain bearish to price, especially the stocks to use ratio of 21.9% (Chart 2, 2018 bar).<\/p>\n<p><strong>Chart 1<\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-4926\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-1.png\" alt=\"\" width=\"972\" height=\"745\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-1.png 972w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-1-300x230.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-1-768x589.png 768w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/><\/p>\n<p class=\"lead\"><strong>Chart 2<\/strong><\/p>\n<p class=\"lead\"><img decoding=\"async\" class=\"aligncenter size-full wp-image-4927\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-2.png\" alt=\"\" width=\"972\" height=\"750\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-2.png 972w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-2-300x231.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-2-768x593.png 768w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/><\/p>\n<p>The average estimate for wheat ending stocks was 1.020 billion bushels; the report was at<br \/>\n1.055 billion bushels (Chart 3, 2018 bar). The report was bearish to price when compared to the<br \/>\nestimate, and yet the ending stocks have been declining for the last three years. However, the<br \/>\nstocks to use ratio remains bearish to price at 55.6% (Chart 4, 2018 bar).<\/p>\n<p><strong>Chart 3<img decoding=\"async\" class=\"aligncenter size-full wp-image-4928\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-3.png\" alt=\"\" width=\"974\" height=\"741\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-3.png 974w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-3-300x228.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-3-768x584.png 768w\" sizes=\"(max-width: 974px) 100vw, 974px\" \/><\/strong><\/p>\n<p><strong>Chart 4<\/strong><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-4929\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-4.png\" alt=\"\" width=\"974\" height=\"741\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-4.png 974w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-4-300x228.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-4-768x584.png 768w\" sizes=\"(max-width: 974px) 100vw, 974px\" \/>The average estimate for corn ending stocks was 1.736 billion bushels; the report was at 1.835<br \/>\nbillion bushels (Chart 5, 2018 bar). The report was bearish to corn prices. However, the overall<br \/>\ndata for corn are less bearish than soybeans or wheat. Ending stocks have been decreasing for<br \/>\nthe last three years and the stocks to use ratio, 12.4%, (Chart 6, 2018 bar) is the lowest in the<br \/>\nlast five years.<\/p>\n<p><strong>Chart 5<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-4930\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-5.png\" alt=\"\" width=\"974\" height=\"750\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-5.png 974w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-5-300x231.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-5-768x591.png 768w\" sizes=\"(max-width: 974px) 100vw, 974px\" \/><\/strong><\/p>\n<p><strong>Chart 6<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-4931\" src=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-6.png\" alt=\"\" width=\"972\" height=\"733\" srcset=\"https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-6.png 972w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-6-300x226.png 300w, https:\/\/www.fundamentalanalytics.com\/wp-content\/uploads\/2019\/03\/CMU-0313-6-768x579.png 768w\" sizes=\"(max-width: 972px) 100vw, 972px\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Commodity Market Update March 13, 2019 Grains Last Friday the USDA released the March WASDE (World Agriculture Supply Demand Estimates) report. The average estimate for soybeans ending stocks was 902 million bushels; the report was at 900 million bushels (Chart 1, 2018 bar). The estimate was close to the actual, and the data remain bearish [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4925","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/4925","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/comments?post=4925"}],"version-history":[{"count":6,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/4925\/revisions"}],"predecessor-version":[{"id":4937,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/posts\/4925\/revisions\/4937"}],"wp:attachment":[{"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/media?parent=4925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/categories?post=4925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundamentalanalytics.com\/pt\/wp-json\/wp\/v2\/tags?post=4925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}