What an incredible report day. There were several report out today, but the bottom line is that we are entering bull market territory for corn, soybeans found great news with a nearly 100 mbu. drop in carryout, and we saw corn and beans post strong gains for the day.
The Main Highlights
- US Corn yield & production below ALL trade estimates
- US Soybean yield & production below ALL trade estimates
- US Soybean ending stocks below ALL trade estimates
- US C/B Quarterly Stocks near low end of est.
- Corn STU near 10% – approaching bull market territory
Tune in to for the complete recap of the report and get Richard’s thoughts on the markets.
