Grain > Commentary > 9-29-2023

9/29/2023

Sep 29, 2023

Quarterly grain stocks came in as follows:  Corn 1.361 bln bushels (1.429 estimated, 1.377 last year); soybeans 268 mln bushels (242 estimated, 274 last year); wheat 1.78 bln bushels (1.772 estimated, 1.778 last year).  Production numbers were slightly changed: corn 13.715 bln bu (13.719 est, 13.73 previous); soybeans 4.27 bln bu (4.269 est, 4.276 previous); wheat 1.65 bln bu (1.729 est, 1.734 in Aug).  The report was friendly corn, bearish wheat, and largely bearish soybeans.  The sell-off in soybeans and wheat following the report did not allow corn to take advantage of the friendly numbers.

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11/14/2025
Nov 14, 2025
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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. 
8/21/2025
Aug 21, 2025
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