Grains were mostly lower following the August WASDE but have since turned mixed.  Brian Splitt, AgMarket.Net says soybeans are seeing double digit losses and may have more down side as they were the bearish report leader.  USDA increased yield, production, harvested acres, plus ending stocks were up 125 million bushels.  Corn yield was also raised to a record 183.1 bpa but was offset by 700,000 less harvested acres so production was up only 47 million bushels and with an increase in old crop and new crop usage endind stocks fell 24 million bushels.  Wheat saw a higher yield but with 900,000 less harvest acres production fell 26 million bushels and ending stocks were down 28 million bushels.  What does all this mean for price?  

Grains were mostly lower following the August WASDE but have since turned mixed.  Brian Splitt, AgMarket.Net says soybeans are seeing double digit losses and may have more down side as they were the bearish report leader.  USDA increased yield, production, harvested acres, plus ending stocks were up 125 million bushels.  Corn yield was also raised to a record 183.1 bpa but was offset by 700,000 less harvested acres so production was up only 47 million bushels and with an increase in old crop and new crop usage endind stocks fell 24 million bushels.  Wheat saw a higher yield but with 900,000 less harvest acres production fell 26 million bushels and ending stocks were down 28 million bushels.  What does all this mean for price?

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets. 

Michelle Rook talks daily with industry analysts to break down agricultural and commodity markets.

Markets Now with Michelle Rook

Michelle Rook talks daily with industry analyst to break down agricultural and commodity markets. 

Michelle Rook talks daily with industry analyst to break down agricultural and commodity markets.