News
Early classing data from USDA shows color grades slipping
Corn, wheat futures drift lower overnight on lack of fresh news; September CPI data on deck
USDA’s good-to-excellent ratings for corn rise unexpectedly after hitting lows of the crop season
A mismatch between USDA and Crop Tour findings is growing bigger
Lower closes across the board after impressive mid-session strength.
Corn futures fell about 5% as USDA raised the national yield. Former USDA chief economist Seth Meyer says the data raises fair questions, but he doesn’t think sampling alone explains the jump.
OSU’s Derrell Peel notes a delayed fall run may mean cattle numbers simply aren’t there, lending underlying support to Q4 prices.
Markets are still reeling from the fresh data in Friday’s report.
Weekly export inspections and crop progress data due after Monday’s holiday
Cattle falls under modest pressure after Friday’s breakout.
Lane Akre, Hillari Mason and Bill Watts dive into USDA’s bearish numbers, how much downside risk is left for corn and how quality issues are playing out in the market.
Corn futures rise modestly off Friday’s reactionary low.
Corn futures attempt to stabilize after Friday’s bearish USDA yield and production shock...
Corn futures stabilize overnight after USDA’s bearish crop production shock
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Corn, soybeans, and cotton all saw production forecasts increase
Corn yield landed well above analysts’ average pre-report estimate, while soybean yield was slightly above.