8/11/20
  • Futures closed stronger today with December corn closing up .5 @ $3.235 and November beans closed up .5 @ $8.735
  • USDA announced a sale of 4.85 million bushels of new crop beans to China
  • WASDE production report estimates for next week are 180.4 BPA for corn and 51.3 BPA for beans
  • The highest numbers the USDA ever posted for August are 178.4 bpa for corn and 51.6 for beans 
  • USDA last report was 178.5 BPA for corn and 49.8 BPA for beans
  • WASDE ending stock report estimate is corn @ 2.800 billion and beans @ .525 billion
  • USDA July numbers were corn @ 2.6487 billion and beans @ .425 billion 
  • August WASDE report is due on the 12th
Have a great evening!!!
Scott Johnson