January USDA Report Reaction

[BinswOH]

Corn up, beans down right after the report but the day isn't over.

Here is what my twitter feed looked like in the minutes after release:

Tweets
30s Arlan Suderman ‏@ArlanFF101
USDA raises soybean crush by 35 mln bu; strong product exports; exports kept the same; this will be interesting $ZS_F
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1m Arlan Suderman ‏@ArlanFF101
Corn stocks infer feed usage 450 mln bu above Dec est; USDA raises it 300 mln bu; rest must be rationed; stks too tight $ZC_F
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1m Agriculture.com ‏@Agriculturecom
Higher feed usage a major factor in today's #corn stocks number, broker says http://bit.ly/VQpXhQ
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8m Arlan Suderman ‏@ArlanFF101
SRW wheat acreage at 9.42 vs trade expecatations of 8.9 mln $ZW_F
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8m Arlan Suderman ‏@ArlanFF101
Hard red winter wheat acreage at 29.1 vs trade expectation of 30.3 mln acres
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9m Arlan Suderman ‏@ArlanFF101
Soybean yield at 39.6 bpa; matching trade expectations $ZS_F
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10m Arlan Suderman ‏@ArlanFF101
U.S. corn yield at 123.4 bpa vs 122.3 bpa in Nov $ZC_F
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10m Arlan Suderman ‏@ArlanFF101
Dec 1 wheat stocks at 1.660 bln bu vs trade expectations of 1.674 bln $ZW_F
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11m Arlan Suderman ‏@ArlanFF101
Winter wheat seedings at 41.8 mln acres vs trade expectations of 42.6 mln $ZW_F
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12m Arlan Suderman ‏@ArlanFF101
Corn ending stocks fall to 602 mln bu; bottom of pipeline $ZC_F
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13m Jerod McDaniel ‏@jerodmcdaniel
Best advice I can give traders, stop clicking and let it ride... The market will be here many years from now, you can always play tomorrow.
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13m Arlan Suderman ‏@ArlanFF101
Dec 1 Corn stocks at 8.030 bln bu vs Expectations of 8.210 by trade; This is the most bullish number I've seen from USDA thus far; corn +13
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Looks like it is a little bearish beans and a little bullish corn.

[BinswOH]

One loser in this report is AGWEB. The servers slowed to a crawl after the report release.

[r3020]

Looks like some body figured out we might run short on corn, now moving higher.

Yeah, the dang site keeps logging me out, when I click on dicussions the page reloads, leaves me where I am at, Takes away all of the colors that show what threads have new post, man this site needs some work.

[drdiederich]

We'll never run short of corn... the animals will go before the corn does. It will just bounce around where it is now until it "crashes" come fall... assuming it doesn't drop through the spring and summer.

[GREG1]

Looks like some body figured out we might run short on corn, now moving higher.

Yeah, the dang site keeps logging me out, when I click on dicussions the page reloads, leaves me where I am at, Takes away all of the colors that show what threads have new post, man this site needs some work.

Always has!


The corn is NOT there! I played the insurance game and lost this year due to the DROUGHT. What drought, so they say. CBG is crying for corn so loud I can't hear myself type. I sold all my corn and will empty those bins pretty quick.....the incentive is there and they are paying big basis points for early delivery. I wish I had not played the insurance game this year but I will play the stupid thing for 2013 as well. Selling new crop for $5.75 and beans for $12.50 might be a win win seeing all the bearish news and world glut and lack of export blah blah, but I think steffy is on the money with the 16+trillion debt, those aholes will be printing money like no tomorrow and that spells and upward trend for grains. I'll still play the sure thing and sell those bushels and go on to cruise control for another year.

[AbeB]

This is very interesting GREG1. I always thought that corn was super abundant, and if it wasn't, we could genetically make it abundant.

[glowplug]

Well as a resident of Boston, do you have any notion of what a widespread drought does when growing crops?

Yes, genetics have been bred up over years to make corn more drought tolerant and biotech traits protect the plant from certain insects. Crops still need rain. Crops still have that range of temperatures they thrive in. Too hot or too cold, plants don't preform well.

The 2012 corn and soybean shortage is real.