6/10/2022

Jun 10, 2022


6/10/2022
Not too much excitement in this month's WASDE report but a surprising finish on the board given the fresh information.  The USDA maybe gave us the first sign of demand destruction in corn (high prices cure high prices) with a 50 million bushel cut to this year's corn export estimate.  Results overall were a net increase of 45 million bushels to this year's ending stocks.  Soybean exports were increased 30 million bushels which was also the net change in this year's ending stocks.  This was slightly friendly compared to the pre-report trade estimates.  The doom and gloom over the soybean crop in South America is all but over, the USDA added approximately 80 million bushels to their S.A. production estimates for this year.
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Mar 11, 2025
The monthly USDA WASDE report was today and it was about as boring as it can get.  The USDA took the month off leaving corn and beans carryouts unchanged.  Corn remains at 1.540 billion bushels and beans at 380 million bushels.  World ending stocks were slightly lowered on both corn and beans.  World corn was pegged at 288.94 million tonnes vs 290.3 million tonnes previously.  World beans were pegged at 121.4 million tonnes vs 124.3 million tonnes previously.  All of the South American crop production estimates were also left unchanged.  
Aug 30, 2024
Corn picks up 10 cents and soybeans improve just over 25 cents on the week to go into the holiday weekend on a positive note.  Soybean export sales have picked up the pace in a big way.  At the end of last week, sales...
Aug 23, 2024
Corn trade was flat at 2 lower throughout a majority of the day to take us back to where we started the week.  Soybeans were 9-11 higher in what looks to be a dead-cat bounce in the middle of nowhere on the charts....