Grain > Commentary > 9-16-2022

9/16/2022

Sep 16, 2022

9/16/2022
Corn and soybeans spent the overnight session in the red but found a bid at their 20-day moving averages shortly after the 8:30 re-open.  Markets were somewhat steady after the mid-day point, making for a quiet second half of the session.  News was very limited today and we had no USDA announcements or reports.  Early soybean harvest has started in Iowa/Southern Minnesota and crushers have become somewhat erratic with their cash bids, backing off once a day or more, as more combines begin to roll.  Soybean board prices faded through the rest of the week from Monday's high, likely some early harvest pressure on the market.  This pressure will increase as the new crop supply increases and weather forecasts look encouraging to continue pushing our crop towards full maturity.  NOPA members reported 165.54 million bushels of soybeans processed during August.  This was down from 170.22 in July and slightly below the average trade guess.  Week-to-week, December corn is down 7 cents and November soybeans gained 36 cents.

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2/10/2026
Feb 10, 2026
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1/12/2026
Jan 12, 2026
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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.