12/29/2023

Dec 29, 2023


Extremely light trade throughout the day. With nothing to really move the market, today's price action was about month-end/quarter-end/year-end positioning. Most market spaces were lower today, including stocks and most other commodities. Soybeans were buoyed in lower trade, finishing 11-14 cents lower, while corn bounced around on either side of unchanged for most of the day and remained within a 5 cent total range. Corn Weekly export sales were on the high end of expectations for corn with 1.242 mln tonnes sold last week. Soybean sales were on the low side at 984k tonnes. The markets will now be closed until Tuesday. Glacial Plains will also be closed on Monday, January 1, 2024. We would like to take a moment to thank you all for a wonderful year in 2023 and we look forward to working with you again in 2024.

2023 corn futures trade

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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. 
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.
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.