Started by metmike - Nov. 6, 2020, 3:13 p.m.
The trade is looking for slightly lower production & yields for U.S. #corn and #soybeans on Tuesday. Corn yield would still be record but beans would be a bit short of record. Only 2 of 21 polled analysts see corn yield higher than in October. Some 5 of 21 see bean yield higher.
By metmike - Nov. 6, 2020, 3:14 p.m.
Analysts see ending stocks for U.S. #corn and #soybeans shrinking in USDA's Tuesday report. Some 10 of 21 polled believe corn will come in sub-2 bbu. All of them see soybean stocks staying sub-3 mbu. #Wheat is seen largely unchanged from October.
By metmike - Nov. 10, 2020, 12:08 p.m.
metmike: USDA report was extremely bullish!!
Yields for U.S. #corn and #soybeans come in notably lower than trade estimates. Neither are set to break or tie the existing records.
By metmike - Nov. 10, 2020, 12:12 p.m.
U.S. #corn ending stocks come in shockingly lower than trade estimates. Exports were bumped 325 mbu to a new record of 2.65 bln bu. #Soybeans dip below 2 mln bu on the lower crop, crush and exports were unchanged.
By metmike - Nov. 10, 2020, 12:14 p.m.
20/21 world ending stocks all come in lower than in October, #corn by alot. #China's corn imports were increased to 13 mmt from 7 mmt, and #Ukraine's crop was slashed by 8 mmt to 28.5 mmt, the same amount came out of exports.
By metmike - Nov. 10, 2020, 12:16 p.m.
The only change to South American production was a 1.5 mmt cut to #Argentina's #soybeans. That was on reduced area.
By Jim_M - Nov. 10, 2020, 9:15 p.m.
Where would the world be if Brazil wasn’t increasing the bean output a couple percent every year? It wasn’t that long ago they breached 100 billion bushes.
By WxFollower - Nov. 10, 2020, 10:14 p.m.
This was bearish for CT as average guesses were for a few hundred thousand bale drop due to lots of adverse wx in N TX and the SE/Delta and yet there was a very small increase! But AL did drop as expected.