November USDA Supply & Demand

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Today the USDA reduced the U.S. national corn yield by 1.4 bushels per acre to 167.0 bushels per acre. The map below shows yield changes by state since last month.

Bean yields were left unchanged at 46.9 bushels per acre, although individual states had the following changes in their estimates.

The smaller corn yield cut production but ending stocks were not cut much. Bean stocks increased. Here is how the numbers stacked up compared to what was expected:


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These data and comments are provided for information purposes only and are not intended to be used for specific trading strategies. This commentary is written as a daily marketing tool to help farmers sell the grain they raise. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. Past performance and testimonials are not necessarily indicative of future results. Commodity trading involves the risk of loss, and you should fully understand those risks before trading.