Grain > Commentary > 8-12-2022

8/12/2022

Aug 12, 2022

8/12/2022
The USDA gave trade the numbers they were looking for in corn yield but sent shockwaves through the market on the soybean side, printing a record yield and production numbers for the 2022 crop.  Soybeans flipped from 13 higher to 20 lower almost instantaneously at the 11 a.m. report time and corn retreated about 13 cents.  Trade had recovered to pre-report levels, and higher, by the closing bell to finish the week strong.  Weather was likely responsible for getting us to bounce back as the 6-10 and 8-14 trend drier. 
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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. 
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8/15/2025
Aug 15, 2025
Corn and beans both had nice gains heading into the weekend.  Corn might seem terrible as of late, but for corn to only be down 2 cents since report day is impressive.  That was one of the most bearish reports for corn we have seen in quite some time.  Corn finished the week 13 cents off its lows and unchanged for the week.  New crop corn basis has softened a little on the week as the extra 2 million acres and 8 bushels of yield from the report has also scared a few exporters off.