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MARKET COMMENTARY

USDA Report Update

Friday, January 12, 2018, 11:01 AM
Submitted by: Landus Cooperative


USDA report numbers are below.  As you can see, all reported numbers were within estimates. Just like we assumed, ending stocks are higher for both corn and soybeans (domestically and globally). Soybean yield and production both adjusted slightly lower, which is most likely the cause of bean support right now. Corn yield improved by 1.2 bpa, with a final number of 176.6 bpa, but also a slightly lower harvested acre number, down 400,000 acres to 82.7 million.

 

In summary, pretty quiet January report which is not typical. At this moment (11:20 AM) corn is down a couple and beans are up 3 to 4.

 

 

 

 

Please note: We apologize that you have not been receiving this emails the last two weeks. Thank you to those who alerted us, we’ve now resolved the issue and you should receive market commentary on the days the markets are open.

 

Thank you!

 

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