Grain > Commentary > 8-6-2021

8/6/2021

Aug 06, 2021

8/6/2021
Another week is in the books.  For the week corn was up 8 and beans were down 13.  Observed weekend precip will be an important watch for how we open on Sunday night.  Thursday, Aug. 12th is the next USDA monthly report.  Average trade estimates have corn yield at 177.6 vs 179.5 in July.  21/22 Corn carryout is estimated at 1.297 billion vs 1.432 billion in July.  Average trade estimates have bean yields at 50.2 vs 50.8 in July.  21/22 Bean carryout is estimated at 134 million vs 155 million in July.  We did have another bean sale to China this morning of 131,000 metric tons.  It is good to see some back to back days of export sales.    

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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. 
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.