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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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. 
6/11/2026
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. 
5/12/2026
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.