Midwest Market Sol

The USDA increased #soybean production by 12 mb and increased exports by 25 mb to lower ending stocks to 300 mb.#oatt

USDA lowered #corn feed usage by 25 mb and exports by 25 mb with 141 mb less production leaving ending stocks to drop 91 mb to 1.758 bb. In 9 of last 11 years when USDA lowered stocks in the November report; corn rallied an average of 30 cents in the next 3 months.#oatt

#Wheat stocks estimated at 743 mb vs. 744 mb estimated and 740 mb last month.#oatt

Boxed #Beef AM-Choice: 365.31, +2.57. Select: 354.31, +.58, 57 loads #oatt

Feeder #cattle index is $2.32 lower at $330.53. Daily number is $328.64 on 1,837 head. Total headcount is 11,637 head.#oatt

Packer margins are estimated at $55.35/head #cattle #oatt

150,000 metric tons of #soybeans for delivery to Mexico during the 2026/2027 marketing year. #oatt

Private exporters reported the following sales activities: 312,700 metric tons of #corn received in the reporting period for delivery to Mexico during the 2026/2027 marketing year.#oatt

Compared to last week feeder #steers under 550 lbs. sold steady to $15.00 higher, heavier weights sold $5.00-$15.00 lower. Feeder #heifers sold $2.00-$12.00 lower. Supply was moderate with good demand.#oatt

The Joplin, Missouri auction show total receipts of 4,987 head for the November 9 auction; compared to the 5,943 head traded the week prior and 8,098 head last year.#oatt

October CPI #inflation rises +0.4% month-over-month, above expectations of +0.3%. Core CPI inflation rose +0.3%, also above expectations of +0.2%.#oatt

With no production changes to the #wheat balance sheets, wheat for food usage was lowered by 3 mb to increase ending stocks to 743 mb from 740 mb last month.#oatt

The USDA increased #soybean production by 12 mb and increased exports by 25 mb to lower ending stocks to 300 mb.#oatt

USDA lowered #corn feed usage by 25 mb and exports by 25 mb with 141 mb less production leaving ending stocks to drop 91 mb to 1.758 bb. In 9 of last 11 years when USDA lowered stocks in the November report; corn rallied an average of 30 cents in the next 3 months.#oatt

#Wheat stocks estimated at 743 mb vs. 744 mb estimated and 740 mb last month.#oatt

#Soybean production lowered to 53.3 bpa vs. 53.5 bpa est and 53.1 bpa last month; 4.574 bb crop vs. 4.599 bb est and 4.562 bb last month.#oatt

#Corn production lowered to 179.6 bpa vs. 180.4 bpa est and 181.2 bpa last month; 15.893 bb crop vs. 15.971 bb est and 16.034 bb last month.#oatt

#Soybean ending stocks came in at 300 mb vs. 330 mb estiamted and 315 mb last month with corn stocks at 1.758 bb vs. 1.870 bb estimated and 1.849 bb last month.#oatt

Preliminary USDA acreage estimates for 2027 came in at 95.5 million acres for corn, down from 96.8 mln this year, with #soybeans up from 86.9 to 87.5 mln ac, and all #wheat area seen up from 42.5 to 44.0 million acres next season.#oatt

Taiwan’s MFIG issued an international tender for 65k tonnes of #corn for Jan-Feb #oatt