USDA NUMBERS
We will have a full update & breakdown later this afternoon*
US Carryout
Corn:
Came in -100 million lower than expected. Dropping -125 million from last month.
This was due to the USDA bumping exports by +125 million.
(Scroll for visual of balance sheet change).
Soybeans:
Completely left unchanged.
The trade was expecting carryout to rise by a small +12 million.
Wheat:
Completely left unchanged as well.
The trade was expecting carryout to decrease by a small -11 million.
Balance Sheet Changes
Corn:
The only change made was bumping exports by +125 million.
No other changes were made.
So our carryout dropped by -125 million.
Still sitting at 2.03 billion.
Soybeans:
Not a single change was made.
Carryout still sits at 290 million.
World Carryout
Corn:
Came in smaller than expected.
Soybeans:
Came in right about as expected.
Wheat:
Surprised high.
As the the USDA bumped:
Austraila (+1 MMT)
Argy (+2 MMT)
Canada (+3 MMT)
EU (+1.7 MMT)
Russia (+1 MMT).
South America
Zero changes were made to South America.
Past Sell or Protection Signals
Dec 5th: 🐮
Cattle sell signal & hedge alert.
Nov 17th: 🌱
Soybean sell signal & hedge alert.
Nov 13th: 🌽 🌱
Managing risk in corn & beans ahead of USDA report.
Oct 28th: 🌽
Corn sell signal & hedge alert.
Oct 27th: 🌱
Soybean sell signal & hedge alert.
Oct 13th: 🐮
Cattle sell signal & hedge alert.
Aug 22nd: 🌱
Soybean sell signal & hedge alert.
July 31st: 🐮
Cattle sell signal & hedge alert.
July 10th: 🐮
Cattle sell signal & hedge alert.
CLICK HERE TO VIEW
June 5th: 🐮
Cattle sell signal & hedge alert.
June 2nd: 🌾
MPLS wheat sell signal.
April 10th: 🌽
Old crop corn sell signal.
March 19th: 🐮
Cattle hedge & sell signal.
Feb 18th: 🌽 🌾
Old crop KC wheat & old crop corn signal.
Jan 23rd: 🌽 🌱
Corn & beans old crop sell signal.
CLICK HERE TO VIEW
Jan 15th: 🌽 🌱
Corn & beans hedge alert/sell signal.
Jan 2nd: 🐮
Cattle hedge alert at new all-time highs & target.
Dec 11th: 🌽
Corn sell signal at $4.51 200-day MA
CLICK HERE TO VIEW
Oct 2nd: 🌾
Wheat sell signal at $6.12 target
Sep 30th: 🌽
Corn protection signal at $4.23-26
Sep 27th: 🌱
Soybean sell & protection signal at $10.65
Sep 13th: 🌾
Wheat sell signal at $5.98
May 22nd: 🌾
Wheat sell signal when wheat traded +$7.00
Want to Talk?
Our phones are open 24/7 for you guys if you ever need anything or want to discuss your operation.
Hedge Account
Interested in a hedge account? Use the link below to set up an account or shoot Jeremey a call at (605)295-3100.