9/30/2021

Sep 30, 2021


9/30/2021
The USDA surprised the market today with increases in the ending stocks for the 2020/2021 corn and soybean crops.  Last year's soybean acres, yield, and production were all increased resulting in an 81 million bushel increase to the ending stocks.  Corn acres, yield, and production all decreased but a cut in feed/residual use resulted in a 50 million bushel increase to the ending stock number.  Wheat ending stocks were friendly with most figures coming in below estimates and helped cap losses in corn and soybeans for the day.
argentina-beans.jpgbeans.jpgchina-bean-map.jpg

Read More News

May 10, 2024
The USDA gave trade a report that was friendly for corn to work with.  Despite a higher finish, the report was quite negative for soybeans with the USDA plugging in a 445 mln bu carryout for the 2024/25 crop year.  What...
May 09, 2024
Markets were steady-higher through the overnight session until the East coast crowd came online at 8 a.m. their time. Corn and soybeans quickly flipped to the red and headed into the coffee break lower where they...
May 08, 2024
Corn and soybeans were lower on Wednesday with corn down 5-8 cents and soybeans giving back 12-19.  The previous 5 days gave our futures a rally we have been waiting for since late February and pull-backs like these...