Grain > Commentary > 2-9-2022

2/9/2022

Feb 09, 2022

2/9/2022
The USDA came in less friendly than expected on today's report but the money continued to roll in, trade simply threw the WASDE aside and continued to buy.  The immediate reaction to the report saw corn lose around 5 cents and soybeans about 10 cents and then we were back to trading crop loss in South America.  The USDA cut 5 million tonnes (183 million bushels) to their Brazil soybean production estimate from the previous month.

No changes on the corn balance sheet this month.
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Soybean ending stocks were lowered 25 million bushels with the USDA increased crush usage.
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1/12/2026
Jan 12, 2026
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11/14/2025
Nov 14, 2025
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9/12/2025
Sep 12, 2025
USDA report day.  Corn and beans were trading higher pre-report on thoughts of a reduction to yields.  Well....we got what we were thinking but the USDA decided to throw a twist into the mix.  The 25/26 corn yield decreased slightly less than expected by 2.1 bu to 186.7 bpa, but they gave us the largest planted acreage shift on this report in at least the last 20 years (+1.4 mil acres) spurred an increase in production to 16,814 mbu.  25/26 ending stocks were slightly lowered by 7 mbu to 2,110 mbu.