Grain > Commentary > 6-12-2024

6/12/2024

Jun 12, 2024

In true USDA fashion, the market was given absolutely nothing to trade with the WASDE report.  It was as pure of punt as you can get and the market reacted accordingly with some dull trade following the report release until corn made a late session push to finish 1-5 higher.  U.S. balance sheets remained unchanged for 2023/24 and 2024/25 with exception of 23/24 soybean crush lowered by 10 million bushels, which trickled all the way down to the 24/25 ending stocks increasing by 10 million bushels.  South American production forecasts were left mostly unchanged with the exception of Brazil soybean production being lowered by 1 mmt.

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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. 
8/21/2025
Aug 21, 2025
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8/15/2025
Aug 15, 2025
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