USDA Report
USDA WASDE Crop Acreage Report 7/11/25 Production and carryout on corn bearish increased yield and harvestable acreage, carryout number on soybeans bullish because of usage and lowered harvestable acreage.
Morning Update
WASDE August Crop production report out at 11:00 a.m. CT. This morning’s trade is driven mainly by final positioning ahead of today’s WASDE release. Expectations are for increases in both corn and soybean production, as well as higher ending stocks. From July’s estimate, corn output is projected to rise by about 300 million bushels, while…
Morning Update
Pres. Trump’s Truth Social posting Sunday night had soybeans exploding above $10.00. What started as a normal soft opening in the Sunday night trade for grains turned into an explosive rally for soybeans after 10 PM. Trump posted on social media that China has a shortage of beans, and the US will be glad to…
Morning Update
Wheat and soybean prices this morning are higher on the week if the grain trade doesn’t change that by today’s close. This morning’s grain trade is mixed with wheat maintaining yesterday’s gains while corn and soybeans drift slightly from yesterday’s higher closing on demand. Export sales were well above expectations for corn at over three…
Market Quick Take
What Will WASDE Have To Say? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1108215645 Corn: Reversed off lows, broke below $4 but rallied near highs on 3.16 MMT exports vs 2.0 expectedWASDE yield guesses average 184.1 bpa; key resistance at 410–416Crop faces sun shortages despite rain, limiting upside Soybeans: Old crop sales beat estimates…
Morning Update
Short covering dominates after yesterday’s corn reversal. Grain futures are higher this morning after corn’s impressive reversal on Wednesday, breaking below 4.00 and closing at its high for the day. Export sales out this morning were impressive, with new crop corn over 3 MMTs and wheat at 737,800 MTs. Short covering is occuring ahead of…
Morning Update
Soybeans firm on recovering soybean oil. This morning’s grain trade has firmer soybeans, following soybean oil rebounding as crude oil gains nearly $1.00. Pres. Trump has escalated his threats to India that he will raise their tariffs if they continue to buy Russian crude oil. The deadline is fast approaching for Russia to produce a…
Market Quick Take
When Is ‘Big’ Big Enough? Presented by Heartland Investor Capital Management Inc. CTA https://vimeo.com/1107521111 Corn: StoneX pegs yield at 188.1 bpa, higher than expectedOther models showing 184–186, AI models even higherHeat seen in Kansas/Nebraska but mostly irrigatedEuro model adds light Midwest heat Aug 15–18Rain stays in forecast, no major “dome of doom”Corn sliding toward $4;…
Morning Update
Soybeans challenged $10.00 despite high yield guesses. This morning’s grain trade is mixed/higher with soybeans leading the recovery. After StoneX released its highly expected large yield, and did not disappoint, they put out a yield of 188.1 BPA on corn and 53.6 BPA for beans. The market had already anticipated a high corn yield, so…
Morning Update
OPEC increases oil production over the weekend. Grains are mixed this morning, with wheat turning slightly higher on a weakening US dollar that continues to soften from Friday’s jobs number. French milling wheat again is firm this morning, up $2.25 a metric ton at $196.75. This will likely cause interest rates to be pushed lower…