Grain > Commentary > 9-3-2020

9/3/2020

Sep 03, 2020

9/3/2020
Beans got a little more strength today after yesterday's bean sale rumors were confirmed this morning.  There were two bean sales announced of 318,000 metric ton to unknown and 132,000 metric ton to China.  Beans made a new high for the move overnight, then traded lower much of the morning, before finishing a couple cents off the highs up 4 cents.  Wall Street looks a bit nervous today as the DOW made it over 29,000 yesterday, but is currently down 900 points today.  Corn traded lower the entire session today and finished down a nickel.  Tomorrow is a Friday in front of a holiday weekend, so you never know what can happen in light volume trade.  Once the markets close tomorrow, they won't trade again until Monday night at 7:00 pm.  If you want orders working please get them into us.  9.00 and 9.10 new crop beans and 3.10 new crop are the popular targets at the moment.  If those areas sound attractive to you let me know and we can get something working for you.  Those orders cover the overnight session too just in case we happen to spike.
 

Read More News

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.