Category: Grains

USDA Report March 9th, 2021

USDA report released today at noon. Jacob Willemse has provided some commentary on it after reviewing the market notes: The USDA released their monthly supply and demand report today. Similar to February’s report, they opted to keep the majority of their estimates unchanged. Corn ending stocks were left completely unchanged this time around at 1.502… CLICK HERE to Read More

USDA Report, Supply and Demand Feb 9th, 2021

USDA Summary February 9th, 2021 The USDA released their February estimates for supply and demand. Although many were expecting some big changes out of this report, the USDA opted for inaction, leaving most of their numbers unchanged. Read the commentary: USDA Feb 9 2021

USDA Report January 12th, 2021

USDA Summary January 12th, 2021 The USDA released their monthly supply and demand estimates, quarterly grain stocks estimates, and wheat acreage estimates today. A few surprises in these numbers led to an exciting end to the marketing day.   Corn ending stocks came in at 1.552 billion bushels, down from last months estimate of 1.702… CLICK HERE to Read More

Dec 10 USDA Report

Posted by Jacob Willemse USDA Summary December 10th, 2020 The USDA released their monthly supply and demand report today. While they didn’t update any of their production estimates, they did make some small adjustments on the demand side. Corn ending stocks were unchanged from last months report at 1.702 billion bushels. Trade estimates ranged from… CLICK HERE to Read More

USDA WASDE Report November 10th, 2020

The USDA updated their estimates for grain production, demand, and ending stocks today. The report came with some major changes, and many surprises to the markets Corn ending stocks saw a 465-million-bushel reduction, from October’s estimate of 2.167 billion bushels down to 1.702 billion bushels. This reduction came from a drop in average yield, a… CLICK HERE to Read More

USDA Ending Stocks Update, October 9th, 2020

The USDA updated their supply and demand estimates today. All good news but no major surprises to the markets. Corn ending stocks were adjusted, lowered from 2.503 billion bushels to 2.167 billion bushels. The primary factor driving for this was a rather massive reduction in beginning stocks from two weeks ago.  While bullish, the markets… CLICK HERE to Read More

USDA Quarterly Stocks Report Sept 30 2020

The USDA Quarterly Grain Stocks report was released today at 12:00, and it brought some major surprises to the market. Stocks were lowered across the board, coming in underneath average trade estimates by a significant margin. Corn stocks were reported at 1.995 billion bushels; 255 million bushels below the average trade estimate of 2.225 billion… CLICK HERE to Read More

USDA Report Sept 11th, 2020

USDA September 11th, 2020 Recap  Last week the USDA updated their estimates. Traders did a good job with their estimates, and as such there weren’t many surprises to the markets. Corn ending stocks for 20/21 dropped around 250,000 MT. The largest contributing factor to this was storm damage in Iowa, which represented a loss of… CLICK HERE to Read More

2020 Great Lakes Grain Crop Tour Results

Jill, Ryan, Al and Kris were busy the last couple of weeks checking yields on some of our customers farms (in between rains) as part of the 2020 GLG crop tour.  This is the 10th year that GLG has organized the event. The growing season immediately surrounding Haggerty has been excellent, for the most part. … CLICK HERE to Read More

USDA February 11th, 2020

Yesterday the USDA updated it’s crop report with ending stocks. There were little surprises to the market. From Mid-Co, here is a summary: Corn Ending Stocks were 1.892 MMT which are unchanged from January but higher than the trade estimates. I think for our marketing – we know that the US has had harvest challenges… CLICK HERE to Read More