Grain > Commentary > 11-9-2020

11/9/2020

Nov 09, 2020

11/9/2020
News broke this morning that Pfizer and their German partner Biontech announced they have a Covid-19 vaccine that is 90% effective and could be available by December. They intend to ask the Food & Drug Administration to allow early release of the vaccine. 90% effective is pretty impressive and is a game changer.  Obviously, it will take some to roll something like that out in the type quantity needed, but it’s a good start and the markets liked the news.  The Dow is currently up about 1,000 points and traded as high as 1,700 higher to exactly the 30,000 on the mini Dow futures.  Beans were the leader today as there are still weather concerns in South America as well.  The USDA announced the sale of 123,000 MT’s soybeans to unknown this morning.  Tomorrow is the release of the USDA report, which could shape up to be a wild one, so buckle in.
 

Read More News

2/10/2026
Feb 10, 2026
It was USDA report day today and it turned out to be a yawner.  The markets never really reacted to the report, and the grains finished the day about where they started with corn unchanged and beans up 12 on the day.  US corn carryout was pegged at 2.127 billion bushels vs the average trade guess of 2.227 billion.  World corn carryout was placed at 288.98 MMT vs the average trade guess of 290.48 MMT. 
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.