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.       
 

Read More News

Sep 11, 2026
It is USDA report day and it seemed like one of the most important reports we have had in a while.  The USDA placed corn yield at 178.5 bpa vs an average guess of 178.2.  They were in line with expectations and admitting we have an issue brewing.  This likely won’t be our lowest yield we see, but it at least drew a line in the sand for a starting point. 
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. 
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.