USDA Report

USDA Report released today at 11am and the reaction was quite the show.

Beans

Beans traveled from -12 back to +12 in less than 5 seconds.  The amount of volatility was neat to see.  The day started with beans down anticipating an acreage increase.  Turned out the opposite sending beans up to 9.81.  Bean stocks up 34% from March last year, beans acres up but still a new high.

Corn

Corn started this morning in the green anticipating unchanged acreage or a slight reduction in acres, but the report showed an increase in corn acres sending corn all the way down to a low of $3.79 ½.  Corn stocks up 11% from March last year/corn acres higher than expected.

USDA Numbers

                                USDA                    Avg Est                 Last Year

Corn                      89.199                   88.731                   90.597

Soybeans            84.615                   85.919                   83.701

Greg Mockenhaupt

ProEdge Risk Management Consultant

P: (402) 685-5613 | C: (402) 380-9855 | Greg.Mockenhaupt@cvacoop.com

1007 County Road O

Oakland, NE 68045

www.cvacoop.com