7/10/2026
Jul 10, 2026
USDA report day was slightly friendly to the grain markets.
Corn:
25/26 corn carryout was pegged at 2.020 billion bushels vs an average guess of 2.073 billion. The main changes to this year’s balance sheet had feed and residual usage up 150 million bushels while they decreased ethanol by 25 million bushels. Corn Yield for next year was estimated at 183 bushel per acre, which was about as expected. Corn production was estimated at 16 billion bushels vs an average guess of 15.975 billion. 26/17 Corn carryout was pegged at 1.790 billion bushels vs an average guess of 1.873 billion. New crop exports were raised by 50 million bushels.
Beans:
25/26 bean carryout was pegged at 330 million bushels vs an average guess of 338 million. The main change to the balance sheet was an increase in exports of 10 million bushels. Bean yield for next year is estimated at 53 bushel per acre, which was exactly as expected. Bean production was estimated at 4.475 billion bushels vs an average guess of 4.459 billion. 26/27 carryout was pegged at 310 million bushels vs an average guess of 330 million. The USDA raised new crop bean exports by 30 million.
Corn:
25/26 corn carryout was pegged at 2.020 billion bushels vs an average guess of 2.073 billion. The main changes to this year’s balance sheet had feed and residual usage up 150 million bushels while they decreased ethanol by 25 million bushels. Corn Yield for next year was estimated at 183 bushel per acre, which was about as expected. Corn production was estimated at 16 billion bushels vs an average guess of 15.975 billion. 26/17 Corn carryout was pegged at 1.790 billion bushels vs an average guess of 1.873 billion. New crop exports were raised by 50 million bushels.
Beans:
25/26 bean carryout was pegged at 330 million bushels vs an average guess of 338 million. The main change to the balance sheet was an increase in exports of 10 million bushels. Bean yield for next year is estimated at 53 bushel per acre, which was exactly as expected. Bean production was estimated at 4.475 billion bushels vs an average guess of 4.459 billion. 26/27 carryout was pegged at 310 million bushels vs an average guess of 330 million. The USDA raised new crop bean exports by 30 million.