Grain > Commentary > 10-13-2020

10/13/2020

Oct 13, 2020

10/13/2020
We had one sale announcement this morning, which was 110,000 metric tons of corn to Mexico.  It felt a bit disappointing that there were no China sales announced as they came out of their holiday.  Corn and beans bounced some today after yesterday's correction, but I wouldn't be surprised to see a bit more of a correction to the downside.  The 10.20 futures area looks to be a short-term target area to the downside, with 9.80 longer term.  When the funds are this long and everyone is one side leaning bullish it seems to change in a hurry.  Like I said before be careful and expect lots of volatility thru the winter in the soybean market.  We will get harvest progress tonight as we are expecting beans at 59% harvested and corn at 39% harvested.  It’s going quick and weather looks like it will allow for more harvest to get completed.  It looks like we are in for a bit of a cool down for the next two weeks. 
 

Read More News

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.