By Doug Tenney, Leist Mercantile
After the noon report was released, corn was down 4 cents, soybeans down 10 cents, and wheat down 21 cents. Just before the report, corn was up 2 cents, soybeans down 6 cents, and wheat down 13 cents.
Typically, the December WASDE Report is a boring report. Today USDA will not be providing US corn and soybean yield and production numbers, a decades old trend. USDA will insert the same numbers they published November 9. Final US corn and soybean yield and production will be published with the January 12, 2022 WASDE Report.
Trade volume at the CBOT this week has been light ahead of today’s USDA WASDE Report.
Corn for ethanol was unchanged, US soybean exports were unchanged.
US corn ending stocks for 2021-2022 were 1.493 billion bushels, last month, 1.493 billion bushels. US soybean ending stocks were 340 million bushels, last month, 340 million bushels.… Continue readingRead More »