10/12/21
 
Corn down 11, beans down 30, wheat up 3

Crude Oil- 80.48 down .04
 
US Dollar- 94.51 up .196

 
DOW- 34,378 down 117
 

 
Ok so the report today was rough, both corn and bean yields were higher than the expectations. The bean carryout number was what was surprising. the USDA is saying there’s 320-million-bushel vs the September number of 185 million. Weather is dry today with rains tomorrow and from there things dry out and we’ll see harvest resume.  Maybe if beans get cheap enough, we’ll see China step in and buy beans. It’s all government and weather.
 
Stay tuned
 
Ali


 
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