Grain > Commentary > 4-8-2021

4/8/2021

Apr 08, 2021

4/8/2021
A good day on the board of trade for both corn and soybeans.  Some rumblings of possible export business but other than that, not much for new news.  Today's strongly higher trade in corn caught many by surprise, with most expecting a move of this type tomorrow.  It appears the funds spent today positioning themselves ahead of tomorrow's WASDE report where it is expected that the USDA will cut the corn and soybean carryout numbers.  Possible drought stress issues in Brazil's second crop corn also had speculators putting their money down on the long side of the market.  The weekly export sales report was mixed with both old and new crop corn reported within their expected ranges.  Old crop beans showed net-cancellations in contrast to new crop beans, where numbers came in above trade estimates.  It is tough to pin-point a certain reason why corn was so strong today besides just a combination of everything bullish coming forward, similar to our down days where everything bearish gets spotlighted at one time.  Tomorrow will be nothing short of exciting in the markets.  Nice soaker-type rain showers over the past couple days in our area with more forecasted.  Looks like we will have ample moisture to get this year's crop started.

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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.