Grain > Commentary > 11-24-2020

11/24/2020

Nov 24, 2020

11/24/2020
Grain markets took a beating overnight before battling back and gaining all the losses back throughout the day.  As I said before you just can't keep a good thing down and we still have a good thing going.  It was pretty impressive to watch the markets do what they did today.  It feels like part of the grains want to trade a covid scare, but outside markets are not telling us that story, as continued positive vaccine news has the wall street money's hopes up.  Crude oil was higher, the DOW broke 30,000 for the first time and gold was lower which are all signs of a happy market.  Tomorrow we have a full day of markets.  Thursday the markets are closed.  Friday is a short day of trade, which closes at noon.  Glacial Plains is closed both Thursday and Friday this year, so if you would like to work a sell order for Friday's trade make sure you get those working by tomorrow at the close of business.    
 

Read More News

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. 
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.