USDA Only Adjusts U.S. Corn Ending Stock in WASDE, Punts on South American Corn and Beans

Grains mixed after WASDE. The only change USDA made to U.S. ending stocks was in corn by lowering exports. Brian Splitt of AgMarket.Net has analysis.

Grains mixed after WASDE. The only change USDA made to U.S. ending stocks was in corn by lowering exports. They also left South American corn and soybean production unchanged. Brian Splitt of AgMarket.Net has analysis.

AgWeb-Logo crop
Related Stories
USDA reports on-farm corn stocks up 16% from a year ago, while storage capacity growth has plateaued. Brock’s John Tuttle says commercial handlers are already asking where grain will go when harvest starts — and temporary storage can still be delivered in weeks, not months.
Brady Huck with Empower Ag Trading says the grain complex removed war and weather premium, while cattle ended sharply lower in reaction to the resumption of partial cattle trade with Mexico.
Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Read Next
As extreme drought fuels a fire that has jumped rivers and state lines, ranch families and volunteer fire crews are directing the flames away from ranches the best they can.
Get News Daily
Get Market Alerts
Get News & Markets App