News Details

2019 USDA September Stocks and Small Grains reports a bullish surprise for corn, soys but neutral wheat.

(Sep 30, 2019)

Both corn and soy stocks came in below the lowest trade estimates. USDA reduced the 2018 soybean harvest by 116 million bushels and yield came down by 1 bpa. Final U.S. wheat production comes in just short of the guess at 1.962 billion bushels but NASS will resurvey several states in the coming weeks as a significant portion of the spring grain harvest was incomplete. Those results will be shown in the Nov. 8 crop production report.  This provides great momentum trend change higher as we head into the 2019 USDA October crop report on Oct. 10, 2019.  

Corn up 10, soys up 18, Canola up 6, Chicago wheat up 3, KC up 5, MN up 3, cotton -.09

Maurizio “Moe” Agostino
Moe is the Chief Commodity Strategist. He is responsible for developing plans and assisting clients in the feed, grain and livestock industry to help them protect themselves from commodity price swings. Moe holds a Derivatives Market Specialist (DMS) designation as well as an Honors Degree in Business Administration. Moe has more than 15 years of financial services industry experience.