Today’s Quarterly Grain Stocks report held a couple of surprises, particularly for the corn market. Sep 1 corn stocks, the 2024/25 ending stocks, came in at 1.532 billion bushels, roughly 200 million bushels above the average trade estimate and well above the highest trade estimate. Soybean ending stocks came in at 316 million bushels, below the average trade guess, but still soybeans ended the day down ~9¢.
Tune in to hear Richard’s thoughts on the report, where the market are headed from here, and how we are going to adjust out marketing plan.
