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HUGE Corn Yield Estimate from StoneX - Fair or Foul??
Manage episode 498428231 series 2864038
Joe's Premium Subscription: www.standardgrain.com
Grain Markets and Other Stuff Links-
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YouTube
Futures and options trading involves risk of loss and is not suitable for everyone.
0:00 Subscribe to the Channel!
1:01 StoneX Estimates
5:22 Corn Selloff
7:05 Crop Conditions
11:37 Brazil Harvest
12:56 Strong Shipments
🌽📊 StoneX Sees RECORD Corn Yield! Soybeans Also Strong 💪
👀 A well-followed private group, StoneX, just dropped massive US crop estimates based on their customer survey… and the numbers are way above USDA’s latest!
🌽 Corn Yield:
🔹 188.1 bpa vs. USDA’s 181.0
🔹 16.32B bushels vs. USDA’s 15.71B
🌱 Soybean Yield:
🔹 53.6 bpa vs. USDA’s 52.5
🔹 4.43B bushels vs. USDA’s 4.34B
These estimates are based on input from StoneX’s grain-buying customers & agronomists 🧑🌾📋
📉 Market Reaction:
Corn futures sank again on Monday, with the Dec25 contract hitting a new life-of-contract low at $4.07/bu. Favorable US weather 🌤️ and a record Brazilian crop 🌎🌽 are dragging prices down.
🌾 Crop Conditions:
✅ US Corn: 73% G/E – 2nd best in a decade!
✅ US Soybeans: 69% G/E – Highest since 2020
📉 US Spring Wheat: 48% G/E – down for a 3rd straight week
🚜 Winter Wheat: 86% harvested and nearly wrapped up
🇧🇷 Brazil Corn Harvest:
⏳ Behind last year’s pace, but picking up fast!
📦 Total corn crop pegged at a record 136.3mmt
🚢 Export Inspections:
🔸 Corn: 1.2mmt (📉 21% WoW)
🔸 Soybeans: 612k mt (📈 130% YoY)
🔸 Wheat: 599k mt (📈 107% WoW)
👇 Drop your thoughts in the comments, and don’t forget to like 👍, subscribe 🔔, and share if this info helps you stay ahead of the market!
#Corn #Soybeans #GrainMarkets #CropUpdate #StoneX #Futures #USDA #Wheat #AgNews #FarmEconomics 🌾🌽📈
1519 episodes
Manage episode 498428231 series 2864038
Joe's Premium Subscription: www.standardgrain.com
Grain Markets and Other Stuff Links-
Apple Podcasts
Spotify
TikTok
YouTube
Futures and options trading involves risk of loss and is not suitable for everyone.
0:00 Subscribe to the Channel!
1:01 StoneX Estimates
5:22 Corn Selloff
7:05 Crop Conditions
11:37 Brazil Harvest
12:56 Strong Shipments
🌽📊 StoneX Sees RECORD Corn Yield! Soybeans Also Strong 💪
👀 A well-followed private group, StoneX, just dropped massive US crop estimates based on their customer survey… and the numbers are way above USDA’s latest!
🌽 Corn Yield:
🔹 188.1 bpa vs. USDA’s 181.0
🔹 16.32B bushels vs. USDA’s 15.71B
🌱 Soybean Yield:
🔹 53.6 bpa vs. USDA’s 52.5
🔹 4.43B bushels vs. USDA’s 4.34B
These estimates are based on input from StoneX’s grain-buying customers & agronomists 🧑🌾📋
📉 Market Reaction:
Corn futures sank again on Monday, with the Dec25 contract hitting a new life-of-contract low at $4.07/bu. Favorable US weather 🌤️ and a record Brazilian crop 🌎🌽 are dragging prices down.
🌾 Crop Conditions:
✅ US Corn: 73% G/E – 2nd best in a decade!
✅ US Soybeans: 69% G/E – Highest since 2020
📉 US Spring Wheat: 48% G/E – down for a 3rd straight week
🚜 Winter Wheat: 86% harvested and nearly wrapped up
🇧🇷 Brazil Corn Harvest:
⏳ Behind last year’s pace, but picking up fast!
📦 Total corn crop pegged at a record 136.3mmt
🚢 Export Inspections:
🔸 Corn: 1.2mmt (📉 21% WoW)
🔸 Soybeans: 612k mt (📈 130% YoY)
🔸 Wheat: 599k mt (📈 107% WoW)
👇 Drop your thoughts in the comments, and don’t forget to like 👍, subscribe 🔔, and share if this info helps you stay ahead of the market!
#Corn #Soybeans #GrainMarkets #CropUpdate #StoneX #Futures #USDA #Wheat #AgNews #FarmEconomics 🌾🌽📈
1519 episodes
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