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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6/11/2026
Jun 11, 2026
The USDA report was noneventful and now we wait for the stocks and acres report on June 30th.  25/26 corn carryout was estimated at 2.145 billion vs an average guess of 2.138 billion.  26/27 corn carryout was estimated at 1.960 billion vs an average guess of 1.947 billion. 26/27 World corn carryout was estimated at 281.22 Million Tonnes vs an average guess of 278.51.  That is up 4 Million Tonnes from the May USDA report. 
5/12/2026
May 12, 2026
Today was USDA report day.  Old crop corn carryout was pegged at 2.142 billion vs the average trade guess of 2.131 billion.  That is a 15 million bushel increase from the April report.  New crop 26/27 corn carryout was guessed at 1.957 billion vs an average trade guess of 1.933 billion.  The World old crop corn carryout was put at 296.95 million tonnes, vs an average trade guess of 296.33.
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.