Grain > Commentary > 1-21-2022

1/21/2022

Jan 21, 2022

1/21/2022
GPC Is now Offerring Free Price Later on Beans with a pricing deadline of 10/13/2022.  Well…it was a wild week yet again and we will have to see what the weekend has in store for us.  There is a lot of Unknowns at the moment and you never know what can happen over a weekend.  Russia and Ukraine, South American Weather, China purchases, river and rail logitstics and much more.  Corn made a new high for the move today as the $6.00 cash orders filled.  Beans traded a bit softer after a rather impressive week.  For the week March corn futures were up 20 and March beans were up 45.  Corn resistance is now at 6.33 March futures, which was the high from back in June.  Bean resistance is now at 14.50 March futures.  Those are the next areas to make sales if your not willing to sell at current prices.  Have a good weekend!  

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2/10/2026
Feb 10, 2026
It was USDA report day today and it turned out to be a yawner.  The markets never really reacted to the report, and the grains finished the day about where they started with corn unchanged and beans up 12 on the day.  US corn carryout was pegged at 2.127 billion bushels vs the average trade guess of 2.227 billion.  World corn carryout was placed at 288.98 MMT vs the average trade guess of 290.48 MMT. 
1/12/2026
Jan 12, 2026
Well, the USDA report had a bit of a surprise today and not in a good way.  Not only did they increase the 2025 corn yield, from 186.0 to 186.5, they also increased Harvest Acres from 90 million to 91.3 million.  That raised the total corn production to 17.021 billion, up an additional 269 million bushels from their previous estimate.  U.S. Ending Stocks are now estimated at 2.227 bbu, vs. 2.209 in Dec.  Report trade guesses were at 1.97 bbu.
11/14/2025
Nov 14, 2025
It was USDA report day today and overall, it was bearish for both corn and beans.  Corn Yield was only reduced by .7 bpa down to 186 bpa.  The market was expecting closer to 184 bpa.  Corn production is estimated at 16.752 billion vs 16.814 billion in September.  They raised exports 100 million, which is debatable, but possible.  Ending stocks on corn were estimated at 2.154 billion bushels, which is up 44 million from September and about 29 million more than the market expected.