Good Morning,
Markets are firmer to start the day with corn up 2 and soybeans up 9 ahead of todays report. Estimates for todays report can be found below and will be updated after the 11am release.
2019/20 carryout (billion bu.)
September 11 report Ave. Est. August report
Corn 2.253 2.234 2.228
Soybeans .575 .600 .615
2020/21 carryout (billion bu.)
September 11 report Ave. Est. August report
Corn 2.503 2.451 2.756
Soybeans .460 .465 .610
2020 Yield(bpa)
September 11 report Ave. Est. August report
Corn 178.5 178.3 181.8
Soybeans 51.9 51.8 53.3
2020 US Production (billion bu.)
September 11 report Ave. Est. August report
Corn 14.900 14.898 15.278
Soybeans 4.313 4.295 4.425
Make sure you have firm offers in for corn and soybeans ahead of the report, the highest prices are often seen 3-5 minutes after the report is released.
Reminder that we will be open for grain receiving on Saturday from 7-5.
Have a Safe Day!
Garry Gard
920-348-6844
ggard@didionmilling.com
