Grain > Commentary > 9-15-2021

9/15/2021

Sep 15, 2021

9/15/2021
The USDA announced a soybean cancellation to China this morning of 132,000 ton.  That is the first time we have seen a cancellation.  It caused a slight panic at the open, but we shrugged it off nicely.  Corn was up 13 today on early yield concerns as there are some disease concerns.  I remain in the camp that the early corn won't be as good as the late maturity corn, but we won't know that for a couple weeks.  It might also just being as simple as buying it on sale, as we just traded below $5 futures last Friday. A run back to the 100 day moving average at $5.55 Dec futures would be healthy.  Beans tagged along up 12 for the day and is approaching $13.00 futures once again.  If you are planning to move beans off the combine basis remains stout for the time being.  Oats were up 24 cents today, I wonder what they know?  Other news was queit as we wait in most places for harest to roll.  

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3/31/2025
Mar 31, 2025
USDA reported corn planting acres at 95.326 million acres of corn, which would be up a little more than 5% from 2024's final number and the second highest March figure of the last ten years behind only 2020's estimate of 96.99 mil acres.  US corn stocks as of March 1st were seen at 81.51 billion bushels, which was exactly what the trade had expected and was down just over 2% from March 1 of 2024.  USDA said farmers intended to plant 83.495 million acres of soybeans, which would be down about 4% from last year and was just a hair smaller than what the trade was looking for.  March 1 soybean stocks were pegged at 1.91 billion bu's, which again was nearly exactly as the trade had expected, and was up 3.5% compared to March 1, 2024.
3/11/2025
Mar 11, 2025
The monthly USDA WASDE report was today and it was about as boring as it can get.  The USDA took the month off leaving corn and beans carryouts unchanged.  Corn remains at 1.540 billion bushels and beans at 380 million bushels.  World ending stocks were slightly lowered on both corn and beans.  World corn was pegged at 288.94 million tonnes vs 290.3 million tonnes previously.  World beans were pegged at 121.4 million tonnes vs 124.3 million tonnes previously.  All of the South American crop production estimates were also left unchanged.  
8/30/2024
Aug 30, 2024
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