Fundamentally Speaking

10 and 20-year average percent changes in planted corn acreage for the top 18 growing states and the U.S. from the March intentions to the June acreage reports vs June Acreage figures until the final production report numbers.

U.S. corn export sales and shipments as of the last week in January as a percentage of USDA's January WASDE U.S. corn export projection vs. the change in USDA's export projection from that January WASDE projection to the final figure

Average February price for November soybeans and December corn vs. the USDA's March planting intentions figures

Five, 10 and 20-year average corn/soybean yield ratios for the top 15 producing states and the U.S. along with the 2020 ratio

September-November corn feed/residual use as a percentage of the USDA's January WASDE estimate and what consumption was the last three quarters of the marketing year (December-August) as a percent of the final feed estimate vs. the change in feed/residual demand from...

Percent change for U.S. soybean production and demand vs. percent change in ending stocks from the May to January WASDE reports.

USDA November to January 2020 corn revisions for top states and U.S. per bushel change vs. 2020 percent bushel change and largest percent bushel change from the 1990-2020 period

Change in USDA corn export projection from the December WASDE to the final figure vs. the end of December total U.S. corn export shipments as a percent of the of December WASDE projection

A review of the price action for the key commodity and price indices for 2020 and the coefficient of variance figure.

Fears are that now South American grain and oilseed output may be well-under expectations. La Nina is thought to be one of the culprits.

The latest weekly export sales report indicated that the highest-ever total bushels has been shipped as of this time in mid-December.

2020 Central Illinois soybean crush margin with the 20-year average and plus and minus one standard deviation band

U.S. wheat sales and shipments as of the second week in December and as a percent of the USDA's December WASDE projection

U.S. corn and soybean stocks-to-use ratios seen in the December WASDE report from the 1990-91 season compared to the figures furnished last week and the current soybean stocks-to-use ratio

World protein meal, vegetable oil and oilseed stocks-to-use ratios vs. world soybean meal, soybean oil and soybean stocks-to-use ratios

Three-day net move from high to low vs. the three-day change in total open interest for the spot soybean contract since the beginning of the year.

U.S. soybean and corn total export shipments through the third week in November vs. those shipments as a percent of the November USDA WASDE export projection

New crop November soybean/December corn ratio the day before Thanksgiving vs. the change in both corn and soybean acreage from the final planted figure the prior year to the following March planting intentions figure

USDA U.S. soybean yield revisions from October to November and then the November to the final report of the year in January in bpa vs. the percent per bushel/acre (bpa) change from October to November

With 2021/22 total demand projected at 14.825, the 2021/22 ending corn stocks are expected at 2.257 billion bushels with a stock to use ratio of 15.2%.