9/8/2021

Sep 08, 2021


9/8/2021
Corn and soybeans traded in the green throughout the overnight session and did not trade lower on the day until after the 8:30am market open.  The USDA confirmed the sale of 106,000 tonnes of soybeans to China this morning.  China has been a regular customer throughout the past few weeks and has bought a good volume of soybeans for the 2021/22 year but it is now become routine business and we need more to help support to the market.  Anticipated increases in corn and soybean acres for this year in Friday's report are the dark cloud over the market.  There is no historical price action trend to follow for the September WASDE report day (higher or lower) but corn price is likely to follow-through on the same action the following day as what it did the day of the report.  Action in soybeans is random, at best.  With a large chunk of the silage acres now in piles, averages are lower, but much closer than expected, to last year's tonnages.  A quick peek at the extended forecast shows we have a really good window of weather to help the crop finish maturing and the ground should be fit for field work when the rubber hits the dirt.

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Oct 09, 2026
USDA Report Update:
Well, the USDA gave us an absolute shocker this morning and raised the corn yield up to 181.2 bpa vs 178.5 in September.  The average trade guess was lower at 177.7 bpa.  The carryout is now up to 1.849 billion bushels vs 1.567 in September.  They raised Exports up 25 million, Feed and residual up 50 million and Ethanol up 50 million.  Corn is currently down 28 cents on this news.  This is an absolute shocker to the corn market. 
Sep 11, 2026
It is USDA report day and it seemed like one of the most important reports we have had in a while.  The USDA placed corn yield at 178.5 bpa vs an average guess of 178.2.  They were in line with expectations and admitting we have an issue brewing.  This likely won’t be our lowest yield we see, but it at least drew a line in the sand for a starting point. 
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.