Grain > Commentary > 8-6-2021

8/6/2021

Aug 06, 2021

8/6/2021
Another week is in the books.  For the week corn was up 8 and beans were down 13.  Observed weekend precip will be an important watch for how we open on Sunday night.  Thursday, Aug. 12th is the next USDA monthly report.  Average trade estimates have corn yield at 177.6 vs 179.5 in July.  21/22 Corn carryout is estimated at 1.297 billion vs 1.432 billion in July.  Average trade estimates have bean yields at 50.2 vs 50.8 in July.  21/22 Bean carryout is estimated at 134 million vs 155 million in July.  We did have another bean sale to China this morning of 131,000 metric tons.  It is good to see some back to back days of export sales.    

Read More News

8/30/2024
Aug 30, 2024
Corn picks up 10 cents and soybeans improve just over 25 cents on the week to go into the holiday weekend on a positive note.  Soybean export sales have picked up the pace in a big way.  At the end of last week, sales...
8/23/2024
Aug 23, 2024
Corn trade was flat at 2 lower throughout a majority of the day to take us back to where we started the week.  Soybeans were 9-11 higher in what looks to be a dead-cat bounce in the middle of nowhere on the charts....
8/12/2024
Aug 12, 2024
The USDA's August WASDE report gave the market more than just a snack to chew on. We are finally seeing some official numbers get hashed up after a planting season that had many wondering about acres. The report...