FULL USDA REPORT BREAKDOWN

Written By Sebastian Frost

AUDIO COMMENTARY

  • Increased old crop bean carryout and left bean yield alone

  • Corn yield lowered but slightly disappointing

  • Essentially said we had damage in June, but weather in July has stopped the damage

  • New crop carry out beans 50 million less than last month but 100 more than estimates

  • Buying opportunity in the beans?

  • Did today’s report opened the door for lower yields in the future

  • Wheat numbers were not super bullish or bearish

  • For beans the big thing was decreasing demand

  • Outlook for beans is still bullish despite report

  • The big mistake was the South American numbers

  • Will corn hold it’s recent range and bounce to $5.50?

  • Soybeans remain in a weather game

  • Last chance to lock in our 4th of July sale

Listen to today’s audio below

LAST CHANCE TO LOCK IN OUR SALE

Get every single one of our daily exclusive updates sent via text & email for a massive discount. (Scroll to see past updates you would’ve received).

SALE: $350/yr or $35/mo

USUALLY: $800/$80

Not sure? Try Free Trial HERE

Become a Price Maker. Not a Price Taker

THE NUMBERS

Sebastian Frost
Previous

DROUGHT & DOLLAR ERASE YESTERDAY’S LOSSES
Next

WHAT TO EXPECT IN TOMORROW’S REPORT