Grain > Commentary > 6-28-2021

6/28/2021

Jun 28, 2021

6/28/2021
Despite some good rains across the grain belt throughout the weekend, fund and spec money poured back in at the start of overnight trade and the buying continued to build momentum throughout the day.  September corn, December corn, and August soybean contracts key reversed higher today while November beans hardly faltered from the opening bell Sunday night.  The weekend's rains were very beneficial, especially in our area, but were also isolated and spotty.  There was no USDA sale announcement this morning so we will have to look at the export sales report towards to end of the week to see if any rumors of Chinese new crop soybeans purchases can be confirmed.  Estimates for the quarterly grain stocks report show a year-to-year decline is predicted in corn, soybeans, and wheat.  We've seen what the market does on light news type of days so there is potential for some wild action on Wednesday with the report release.  The western part of the grain belt looks to return to the drier and warmer pattern over the next 6-10 days.  Reminder: Murdock will be servicing its grain handling system on Thursday, July 1 and Friday, July 2 and will not be able to receive grains either of those days.

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.