Latest News & Analysis
Markets see consolidation as U.S. dollar continues to strengthen; key Russian port set ablaze by drone attack
More Coverage
Corn yields have more room to fall, while USDA may be underestimating soybean export demand beyond China
CoBank projects the U.S. inland barge fleet shrinking about 17% by 2035 while USDA expects grain and oilseed exports to grow 9%. Operators who ship by river should plan for wider freight swings and a softer basis.
Ending stocks come in tighter than expected in both corn and soybeans, reflecting robust demand in the latter crop amid a higher yield.
USDA trimmed corn yield more than analysts expected, on average, while soybean ending stocks were lower than anticipated amid increased exports.
Wide-ranging analyst estimates on soybean carryout mean Tuesday’s report could trigger outsize market moves compared with corn and wheat.