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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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.