Sep 30, 2021

USDA Reports to be Released Today

Reports should show substantial rundown in inventories from last year

FBN US Yield Survey Live!

  • Help us better help you by filling out our US yield survey HERE!

  • The survey will be open until the end of harvest season.

  • But, we will send out weekly reports to respondents on yield updates.

  • You can respond multiple times; we will use your latest response; so if you are not done harvesting but want to share and receive info, fill the survey out!

  • We are collecting information on corn, soybeans, spring wheat, and sorghum.

  • And we ask for 2020 and 2021 yields.

  • All responses are anonymous and never shared or reported; we will aggregate across the state/national levels for the reports.

FBN’s Take On What It Means: We would love to hear from our members regarding harvested yields so far. This information could be used to better position ourselves ahead of key USDA reports as well as improve our marketing strategies for the rest of the crop year.


USDA Reports to be Released Today

  • The quarterly Grain Stocks and Small Grains reports will be released at 11 CST today.

  • From the stocks report, the trade expects a substantial rundown in U.S. inventories for corn, soybeans, and wheat from last year.

  • Trade expects corn stocks at 1,155 million bushels, down from the 1,919 million last year.

  • Soybean ending stocks are expected to be at 174 million bushels, down from 525 million.

  • Wheat is estimated to be at 1,852 million bushels, down from 2,158 million.

  • However, the report is notorious for being hard-to-predict.

  • From small grains, the trade looks for a trim on wheat production from USDA’s August total, 1,697 million bushels to 1,680 million.

FBN’s Take On What It Means: The reports are expected to lean supportive, as they should show a substantial rundown in inventories from last year. However, the reports often throw surprises. Regardless, the numbers will be coming as the market has been assessing early yield reports from the U.S. harvest, which is seen as crucial to replenish global supplies after a disappointing Brazilian crop and strong Chinese demand.

FBN Market Advisory services are offered by FBN BR LLC, dba FBN Brokerage, FBN BR and FBN Market Advisory (NFA ID: 0508695)

The risk of trading futures and options can be substantial and may not be suitable for all investors. Past performance is not necessarily indicative of future results.

This is not an offer or solicitation in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the local laws and regulations of that jurisdiction, including, but not limited to, persons residing in Australia and Canada.

Kevin McNew

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Marketwatch: Oct, 24

cmdty National Corn Price Idx: ZCPAUS.CM

open: 5.1374
high: 5.1867
low: 5.1249
close: 5.1668

cmdty National Soybean Price Idx: ZSPAUS.CM

open: 11.801
high: 11.861
low: 11.7324
close: 11.7679

cmdty National Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 7.4043
high: 7.5443
low: 7.3993
close: 7.5365

cmdty National Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 6.9986
high: 7.0999
low: 6.9861
close: 7.0671