WHAT’LL USDA DO TOMORROW?
AUDIO COMMENTARY
Cattle bouncing but nearing resistance
Crude is back above $100
Talk of inflation and war
Upside breakout in soybeans
China buying massive amount of beans
Funds have reasons to stay long
What does USDA do tomorrow?
The USDA estimates haven’t been super bullish which is not a bad thing
Potential for yield to be lower than expected
If you are in a “have to” situation
Every time we have seen $13 beans, we usually see $14 beans
Having a solid marketing game plan
How to balance yourself when it feels like we are going to go up or down forever
Funds can get long and stay long
Estimates: 178.2 corn & 52.5 soybeans
Demand is not slowing down. What happens if our supply drops further?
Do the positives outweigh the negativity?
If you are a cash only marketer. What to do?
Markets can top when everyone is too bullish
Tomorrow’s price action will be key
USDA estimates below audio*
Listen to today’s audio
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USDA ESTIMATES
The trade is expecting lower yields in both corn and soybeans.
The trade range in corn is pretty massive. With the high guess being 182.9 and the low guess being 173.2 bpa. Nearly a 10 bpa swing.
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