DTN Grain Closing: Mixed on Bullish Stocks

Freshly harvest soybeans loaded in truck for transport to grain elevator. ©Debra L Ferguson

Bullish Stocks, Production Reports Send Corn, Beans to New Heights

A surprisingly sharp fall in corn yield, production and stocks sent corn soaring to limit gains following the bullish USDA and WASDE reports. Although the focus seemed to be on soybeans, which also had bullish stocks and production, corn took center stage as that balance sheet tightens considerably. Soybean stocks fell to close to what is considered a “pipeline” supply, requiring more price rationing.

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