Fundamentally Speaking

Prospective 2021/22 U.S. soybean ending stocks in million bushels (mb) with planted acreage going across the x-axis at the top in millions and prospective 2021 yield in bushels per acre going down the y-axis on the left

First fall winter wheat crop rating of the year vs. the percent that the May yield estimate deviated from the 30-year trend of the final yield

U.S. soybean sales to China as of second week of October and change in sales to that country from that point to end of marketing year vs. the percent that Chinese has taken of total U.S soybean sales as of the second week in October and the percent that China took of...

U.S. soybean and corn sales as of the second week of October in million bushels and as a percent of the USDA's October WASDE export estimate

Change in U.S. corn planted and harvested area in million acres and ending stocks in billion bushels (bb) vs. the change in yield in bushels per acre (bpa) from the USDA's June to October WASDE reports.

World corn, soybean and wheat stocks-to-use ratios since the 1990/91 season and percent that each year's stocks-to-use ratio differed from the 30-year trend of these stocks-to-use ratios.

A simple regression model using U.S. corn and soybean crop ratings as of the end of September vs. the percent deviation from the 30-year trend yield to graph out a scatterplot study

Change in the estimated corn stocks from the September WASDE estimate to the September 1 stocks figures and as a percentage change vs. change in the USDA ending corn stocks estimate from that September WASDE projection to the October one

On a macro level we have long noted the buoyant action of the stock market reflects optimism about the future, both in increased economic activity and hopes that a vaccine will soon emerge.

USDA September soybean estimate in bushels per acre (bpa) vs. the bpa change from the August to the September report and then from that September figure to the final USDA report given in January.

U.S. soybean exports in million bushels (mb) already on the books as of the second week in the marketing year starting September 1 vs these sales as a percent of the USDA's Sep WASDE export projection

U.S. corn exports already on the books at the start of marketing year September 1 and these sales as a percent of the USDA's September WASDE export projection.

Growing conditions for Iowa's corn crop last month were quite inhospitable to say the least. The rare "derecho" type storm and extreme drought in many areas of the state leading to widespread deterioration as indicated by the weekly USDA crop progress and condition...

Price action in August for December corn, November soybeans and December Kansas City wheat over the past 25 years

Crop ratings vs. percent deviation from trend yield to graph out a scatterplot study

USDA August soybean yield projection vs. the change from August to September and August to the final report

USDA August corn yield projection vs. the change from August to September and August to the final report

End of July ratings for each of the top 18 soybean producing states and the U.S. for this year, last year and then the 1986-2020 average.

End of July crop ratings for each of the top 18 corn producing states and the U.S. for this year, last year and then the 1986-2020 average.

Last month's range from high to low for both the December 2020 corn futures and November 2020 soybean futures contracts is among the narrowest in years.