Friday October 14, 2022

  • Markets leaning lower to end out the week, with soybeans bouncing off highs unable to push through, despite more sales to China reported this morning
  • See below how historically the USDA October yield estimate lines up with the final crop yield 
    • Shows a pretty strong correlation between Oct and Final estimates for both corn and beans 
  • Overall considering a decent week news wise – with fresh yield estimates, and strong Chinese buying the markets have been overall subdued with market meeting lots of farmer selling as harvest activities halted in many areas due to the rain