By: Dan Hueber – Using the immortal words of comedian Oliver Hardy, “Well, here’s another nice mess you’ve gotten me (us) into.” I do not think I can recall a USDA report that more embodied the old saying, I’ve got some good news and some bad news, as they heaped…
Commentary
WASDE Recap
By: Jeff Kaprelian – There was indeed a big surprise in today’s WASDE, but not one anyone really expected. The big shock was the world corn ending stocks figure. This huge revision, from 159.35 MMT to 307.51 MMT, came because of a decade-long revision to Chinese data. Ending stocks in…
Free Commentary
By: Dan Hueber – We were presented with an interesting spate of reports from China overnight as we await the USDA figures this morning. First of all, after supposedly overhauling years of data, they have determined that the corn crop last year in that country is 20% larger than previously…
Daily Comments
By: Dan Hueber – We were presented with an interesting spate of reports from China overnight as we await the USDA figures this morning. First of all, after supposedly overhauling years of data, they have determined that the corn crop last year in that country is 20% larger than previously…
Afternoon Grain Market Recap
By: Kelley Fornoff – Grains all finished lower after last night’s mid-term elections brought no real surprises and seemed like the typical, quiet day-before-report day. Earlier this morning, China’s CNGOIC (China National Grain and Oils Information Center) reportedly revised its corn output data for the past ten years, and with…