December grain stocks below expectations

USDA estimates of corn, soybean, and wheat stocks as of Dec. 1 were all a bit lower than forecasts ahead of yesterday's Grain Stocks report: Corn stocks were 3 percent lower than expected, soybeans 2.5 percent lower, and wheat 1 percent. For corn and [...]

Post-report pressure on soybean, soy meal futures

Futures activity Nov-21 soybean futures came under extreme pressure after Thursday’s Grain Stocks report, settling the week at $12.4650 per bushel, down 41 cents per pound from Monday. Soybean meal futures also took a hit as the Dec-21 contract closed last week lower by [...]

2017/18 corn, soybean stocks end higher than expected

In today’s Grain Stocks report, USDA put corn stocks for 2017/18 at 2.140 billion bushels, up from 2.002 billion USDA estimated earlier in September. In the Sep. 12 WASDE report, USDA had lowered projected stocks from 2.027 billion bushels to 2.002 billion based on [...]

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