Grain > Commentary > 4-12-2021

4/12/2021

Apr 12, 2021

4/12/2021
No other way to explain trade today besides there was sellers and no buyers.  Corn was slightly higher and beans weaker overnight but a large liquidation at this morning's opening bell had beans trading around 25 cents lower at one point.  Corn was a victim of spill-over weakness.  We did bounce back off the lows but spent the majority of the time remaining in the session inside of a 3-cent range.  We had an 8am flash sale announcement of 132k tonnes of new crop beans to China and 110k tonnes of beans to Bangladesh.  Weekly export inspections were on target with 1.585 mln tonnes of corn, 328k tonnes of soybeans, and 458k tonnes of wheat.  The year-to-date total accumulations for inspections vs the USDA's total export forecasts sit at 55% for corn, 88% for beans, and 80% for wheat.  Fundamentals remain mostly friendly.  In our home area, we did see some oat and wheat acres covered, along with some sugar beet planting, before last week's rain.  Currently, the 7-day forecast does not show much opportunity for field work and we will need some sunshine and warmer temps before it is fit again.  We’re looking a bounce back in tomorrow’s markets, it’s not called "turn-around Tuesday" for no reason.

Read More News

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.