12/26/2023

Dec 26, 2023


Corn and soybeans start the final week of 2023 in a positive fashion.  Opening calls for today were talking lower for grains after rains materialized in Brazil over the long weekend.  Following the 8:30am hard open, corn traded higher for a majority of the session with the March contract ending the day 7 cents higher and just fractionally above its 20-day moving average.  Soybeans began the day bouncing back and forth across unchanged and finally sustained a rally after the mid-day point of the session and 6-13 cent gains on the day.  The January contract now has solid footing above the 1300 level, once more.  Most market spaces enjoyed higher trade today. 

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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. 
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.
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.