Grain > Commentary > 8-27-2021

8/27/2021

Aug 27, 2021

8/27/2021
Today was a very quiet day heading into the weekend.  We did have a couple more sale announcements this morning.  129,000 metric tons of soybeans for delivery to China and 150,000 metric tons of corn for delivery to Colombia.  The US dollar was down about 400 tickets today, which is supportive to the grains.  Old crop basis continues to slowly leak towards new crop values, so if you have old crop left to sell now is the time before that premium is gone.  What was once a 90 cents premium a month ago is now a 30 cents premium on the bid sheet today.  Don't give that premium up.  For the week December corn futures were up 16 cents and bean futures were up 33 cents.  Harvest is quickly approaching as next Wednesday is already the 1st of September.  Seasonally this is not a time for a market rally, so I would expect sideways to lower trade next week to finish out the month of August.  We will have a full week of trade next week with a 3 day weekend for the Labor Day Holiday.    Have a good weekend!   

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1/12/2026
Jan 12, 2026
Well, the USDA report had a bit of a surprise today and not in a good way.  Not only did they increase the 2025 corn yield, from 186.0 to 186.5, they also increased Harvest Acres from 90 million to 91.3 million.  That raised the total corn production to 17.021 billion, up an additional 269 million bushels from their previous estimate.  U.S. Ending Stocks are now estimated at 2.227 bbu, vs. 2.209 in Dec.  Report trade guesses were at 1.97 bbu.
11/14/2025
Nov 14, 2025
It was USDA report day today and overall, it was bearish for both corn and beans.  Corn Yield was only reduced by .7 bpa down to 186 bpa.  The market was expecting closer to 184 bpa.  Corn production is estimated at 16.752 billion vs 16.814 billion in September.  They raised exports 100 million, which is debatable, but possible.  Ending stocks on corn were estimated at 2.154 billion bushels, which is up 44 million from September and about 29 million more than the market expected. 
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.