Pro Farmer
Lower corn yields and rising Chinese soybean demand are setting a firmer floor under crop prices as producers eye spring acreage decisions.
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.
The grain and oilseed complex traded in a tight range overnight ahead of today’s USDA reports.
USDA expected to nudge soybean yield higher, trim corn; CPI data could seal December rate hike; oil, gas and diesel prices sink as natural gas surges.
Soybeans see harvest pace return to near-normal to close out year
Funds have liquidated a massive corn position and are now pressing the short side, leaving residual long positions in soybeans vulnerable to a yield or balance sheet surprise
Hillari Mason, Spencer Langford and Bill Watts talk about this week’s USDA data, funds turning short on corn, U.S.-China trade relations and whether hog futures will ever find a bottom...
Grain price action was relatively subdued despite volatile outside markets overnight.