Grain News – Optimism for Progress
USDA’s November production, supply and demand reports at 11:00 am today. The trade expectation today is a cut in production for corn. Average estimates for today’s report, corn yield at 180 bu/acre, with total production at 14.721 billion bushels. The average guess for corn carryout is 1.773 billion bushels, down from 1.813 billion bushels.
Soybean yields are estimated down from 53.1 to 52.8 bu/acre. Analysts see soybean ending stocks rising to 898 million bushels as lower exports offsetting the decrease in yield.
The recent tone of President Trump seems friendlier towards China. There is optimism for progress to come out of upcoming meeting with Chinese President Xi.
Harvest continues to slowly progress, it looks like we will see a break in weather next week. Forecast for cold and dry.
Let us help you with your marketing decisions. We offer a variety of marketing options for this year’s crop and looking forward to next years. Contact your grain marketing specialist to help you with your needs.
Continue to be safe as you finish up harvest.
Have a Great Day!