Grain > Commentary > 10-3-2022

10/3/2022

Oct 03, 2022

10/3/2022
The USDA started the day off an announcement of 110,000 MT of beans for unknown for 2022/23.  That might have helped beans get a little bit of their losses back from Friday's report.  Corn traded up a dime on the overnight, but pulled back to only 3 higher on the day.  After a friendly corn report on Friday, it would have been nice to see new highs today, but it didn't happen.  Harvest progress will be out tonight as it is in full swing in the north this week.  Corn harvest is expected to come in at 22% complete vs. 12% last week. Soybeans are expected to be at 20% vs. 8% last week. Yields remain variable as some are good and some not so good up here depending on rain fall and soil type.  Overall, I would say we are better than expected here.  The outside markets are seeing some movement today with the DOW up over 800 points, S&P up over 100 points, crude up close to $4/barrel, and the U.S. dollar down 454 points at 1:55 PM. 
 

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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.