Crop Production Report offers few surprises

By Doug Tenney, Leist Mercantile

Today’s report was expected to be boring with little changes. Traders and producers are already looking ahead to the June 30 USDA Acres Report and Quarterly Grain Stock Report.  If the corn grains stocks are below trade expectations, it will raise further hints that the January 2026 report which detailed the US 2025 corn yield at 186.3 bushels could indeed be too high.

I surmise that the market is somewhat negative for corn and soybeans solely because the numbers did not put forth a bullish posture.

After the report was released, corn was down 3 cents, soybeans down 6 cents, and wheat   unchanged. Prior to the noon report, corn was down 1 cent, soybeans down 4 cents, and wheat up 1 cent. 

US ending stocks for the 2025-26 marketing year: US corn ending stocks were 2.145  billion bushels. In May, corn ending stocks were 2.142 billion bushels.… Continue reading