WHAT THE USDA REPORT MEANS
AUDIO & REPORT RECAP
Stocks bullish across board
Corn acres way above. Bean acres way below.
3rd report in a row where we are tighter
Can corn bounce off $5.00?
Report says weather is not as important for corn as beans
Not much room for error with beans
Areas like North Dakota won’t raise what they say
Will beans pull corn higher, or will corn drag beans lower?
Is path of least resistance to downside for corn
Difference between 2012 is we just haven’t had that heat
Low prices create better demand
What should you do in your specific situation
Listen to today’s audio below (Scroll for USDA numbers)
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USDA NUMBERS
All stocks fall below estimates (Billion Bushels)
🌽 4.106 vs 4.255 (-6% from YOY)
🌱 0.796 vs 0.812 (-18% YOY)
🌾 0.580 vs 0.611 (-17% YOY)
Corn acres come in WAY above. Bean acres WAY below. (Million Acres)
🌽 94.096 vs 91.853
🌱 83.505 vs 87.673
🌾 49.628 vs 49.656
