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Gary's Blog 12/09/25 11:09:42 AM
Report 12-9-25
Carryout
Dec Avg Est
Corn 2.029 2.124
Beans .290 .302
Wheat .901 .890
Other than corn carryout being reduced it was a tame crop report from the USDA. December’s report usually is a nonevent, and this looks to fall right in line. Corn is up 3 while beans are 4 lower since the release.
12-8-25
Soybeans have fallen below the psychological 11$ mark as futures ran deep in the red. The pace of Chinese purchases is slow, and traders are questioning the 12mmt figure now. (Even with the new deadline Feb28th.) South American crop size is busy making headlines and not in a good way for market bulls. Another record crop is getting closer to reality each passing day as weather remains nearly ideal. The steep discount to US beans will likely draw Chinas attention there. Trumps “bridge payment” should be announced today with many speculating corn and beans will both be included. More details will be posted when available.
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