USDA SNOOZE: WHAT’S NEXT?

AUDIO COMMENTARY

  • USDA big nothing burger

  • US corn balance sheet unchanged

  • Yield. unchanged as expected

  • South America mainly unchanged

  • Russia crop -5 MMT to 83 MMT

  • Big bean sales for month of June, Brazil tax situation

  • This report did nothing. Big debate is now acres & future weather outlook

  • Late heat for late June & early July

  • Who should use courage calls now

  • For those that struggle to pull the trigger

  • June 30th report will define how important weather is

  • Fundamentals have changed, carryout for corn is not as huge. Which makes basis contracts not as bad of idea for July

  • If old crop beans take off, make sure you take advantage of basis with this inverse

  • When to be using puts & floors

  • Full USDA report recap

Listen to today’s audio below

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Check Out Past Updates

 6/11/24

USDA TOMORROW

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6/10/24

IS USDA OVERSTATING CROP CONDITIONS? DOES IT MATTER?

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6/7/24

WEATHER & USDA NEXT WEEK

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6/6/24

ARE GRAIN SPREADS TELLING US SOMETHING?

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6/5/24

GRAINS NEARING BOTTOM? 7 DAYS OF RED

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6/4/24

HIGH CORN RATINGS, SCORCHING SUMMER, & RUSSIA CONCERNS

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6/3/24

5TH DAY OF THE SELL OFF. ARE YOU COMFORTABLE?

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5/31/24

4 STRAIGHT DAYS OF LOSSES IN GRAINS

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5/30/24

I DON’T THINK SEASONAL RALLY IS OVER. WHAT IS THE PLAN IF I’M WRONG?

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5/29/24

PLANTING DELAY STORY VANISHES. BUT IS REAL STORY OVER?

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5/28/24

GETTING COMFORTABLE WITH GRAIN MARKET VOLATILITY

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5/24/24

WET SPRINGS DON’T CREATE RECORD YIELDS, DO THEY?

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5/23/24

MANAGE RISK DESPITE STUPID PRICE POTENTIAL IN GRAINS

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5/22/24

BEANS NEAR NEW HIGHS. WHAT TO DO WITH WHEAT?

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5/21/24

BIG MONEY KEEPS DRIVING WHEAT HIGHER

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5/20/24

ALGOS & BIG MONEY CONTINUE TO MOVE GRAIN PRICES

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5/17/24

WEATHER MARKET VOLATILITY CONTINUES TO HEAT UP

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5/16/24

SITUATIONAL GRAIN MARKETING

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5/15/24

HEDGING VS GUESSING

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5/14/24

CORRECTIONS ARE HEALTHY

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5/13/24

FUNDS DON’T WANT TO BE SHORT GRAINS

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5/10/24

PRICE ACTION TELLS DIFFERENT STORY FROM USDA REPORT

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5/9/24

MARKET PRICING IN NEGATIVE REPORT. WHAT TO EXPECT FROM USDA

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5/8/24

USDA IN 2 DAYS

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5/7/24

WHO SHOULD WAIT FOR TRIGGERS NOT TARGETS

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5/6/24

GRAINS HIGHEST IN 4 MONTHS

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5/3/24

SEASONAL RALLY JUST BEGINNING OR BULL TRAP?

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5/2/24

ARE THE TIDES STARTING TO TURN?

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5/1/24

BE PATIENT & READY FOR THESE OPPORTUNITIES

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4/30/24

FIRST NOTICE DAY SELL OFF

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4/29/24

WHEAT TAKES A BREATHER

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4/26/24

SHOULD YOU REWARD WHEAT RALLY?

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4/25/24

WILL FUNDS BE FORCED TO COVER?

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WEATHER SCARES & CHINA DEMAND

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USDA TOMORROW