Thursday November 10, 2022

• The markets continue their trend of slipping lower this morning with another disappointing export sales report coming on the heels of higher yield expectations 
• USDA report
  • Corn: 2022 yields were increased from 171.9 bu/ac to 172.3 bu/ac, carryout also increased slightly but not as much as market was expecting 
  • Soybeans: 2022 yields increased to from 49.8 bu/ac to 50.2 bu/ac, carryout also increased slightly 
  • Wheat had a pretty uneventful report once again, with a slight decrease in carryout
• Weekly export sale, soybeans and wheat both falling to the low end of expected range with corn not even reaching the low end of expectations