Fundamentally Speaking

This graphic shows that the per bushel decline of 1.4 from the October to November report is the largest ever since USDA started reporting monthly soybean yield figures in 1965 and the third largest drop on a percentage basis next to 1993 and then 1984.

First fall winter wheat rating for the top 18 producing states and the U.S. for the both the 2024 and 2025 crops along with the 2000-2025 average vs. the rank of this year's initial winter wheat crop rating.

Crop ratings for the prior year's U.S. winter wheat crop as of week 26 vs. the following initial fall rating for new crop winter wheat.

U.S. wheat export sales and shipments as of the third week in October vs. as a percent of the USDA October WASDE projection

U.S. soybean export sales and shipments as of the second week in October vs. those figures as a percent of the October WASDE projection

U.S. corn export sales and shipments as of the second week in October vs. those figures as a percent of the October WASDE projection.

2023 and 2024 winter wheat yields for the top 18 growing states and the U.S. vs. the percent those yields deviated from the 25-year trend.

September 1 stocks of U.S. corn & soybeans and percent of stocks stored on farm.

Change in USDA's national corn yield projection from the August to the September crop production report and then from the September to the final report in January.

11-state objective number of soybean pods per an 18 square foot area vs. the implied soybean pod weight in grams/pod

11-state objective number of soybean pods per an 18 square foot area vs. the implied soybean pod weight in grams/pod

10-state objective corn ear population in ears per acre vs. the implied 10-state corn ear weight in lbs/ear.

Percent of average 2024 August and June August precipitation vs. the difference in degrees Fahrenheit for the average temperatures last month from the average August temperature.

Percent change in the U.S. and top 18 soybean growing states ratings as of the beginning of this month vs. the first week of September ratings a year ago and also the percent change in yields from the August 2024 USDA projection vs. the final 2023 yields also for each of...

Percent change in the U.S. and top 18 corn growing states ratings as of the beginning of this month vs. the first week of September ratings a year ago and also the percent change in yields from the August 2024 USDA projection vs. the final 2023 yields also for each of the...

Old crop soybean sales and shipments as a percent of the August old crop export estimate vs. new crop sales as a percent of the August new crop export estimate, both as of the third week in August.

U.S. corn exports this year are about 35% ahead of the 2022-23 season tally. Still, the early buying pace is one of the slowest in years when measured as a percent of the WASDE estimate.

Week 28 ratings, week 33 ratings, and the ratings released this week

Week 30 or around the end of July corn crop ratings vs. the week 35 ratings or around the end of August.

Percent of the 25-year trend projection for the top 18 soybean growing states and the U.S. for the USDA's August 2024 soybean yield estimate.