Report was friendly but failed to feed the bulls
Yield slightly below estimates
Carryout above for corn & wheat, beans below
Numbers neutral to friendly, but lower yield & production were offset with demand
Beans had friendly numbers, but market penciling higher yield with August weather
Might make one more leg lower before support
Will markets do what they did after July report
A major rally still lacks huge bullish catalyst
Over 2 billion bu might make it hard to see much over $6 for corn
Full numbers (below)

Listen to today's audio below

You only got to listen to half of today’s audio

Lock in this offer to start getting every exclusive update sent via text & email. Don’t miss this weekends newsletter & future updates.

(Scroll to check out past updates you missed)

SALE: $299/yr or $29/mo

NORMAL: $800/yr or $80/mo

Note Sure? Try 30 Day Free Trial HERE

Yield comes in slightly below estimates for both corn and beans
- 🌽 175.1 vs 175.5 bpa
- 🌱 50.9 vs 51.3 bpa
US ending stocks came in higher for corn, but new crop beans came in below
Not much change in wheat production. Close to estimates. Spring wheat came in below estimates while winter wheat came in above
Brazil’s corn crop was raised 2 MMT. No changes to Brazil beans or Argy’s crops