Pro Farmer
USDA pegged the final corn yield at 179.3 bu. per acre, down 3.8 bu. from Nov, while the soybean yield was trimmed by 1 bu. per acre to 50.7 bpa. Quarterly corn, soybean stocks were also below expectations, while wheat seedings landed well above.
Soybeans led weakness overnight while corn showed modest strength. Wheat was caught in the middle.
Soybeans and wheat faced followthrough selling overnight, while corn futures pivoted around unchanged in quiet trade.
Biden interview | DOGE | Panama Canal | FOMC minutes | GAO report on food safety inspections
Work stoppage averted; ratification required
Corn, soybean and wheat basis remains below average.
Dec. 1 grain stocks have a history of providing market-moving surprises, especially for corn.