BEARISH!
Increasing beneficial CO2 in the air that helps the most when its dry and hot as the Cornbelt experienced much of this last growing season. CO2 is having the exact OPPOSITE impact on our planet as what you've been taught.
https://www.marketforum.com/forum/topic/69258/#71114
https://www.marketforum.com/forum/topic/99283/#99307
https://www.marketforum.com/forum/topic/66878/#66881
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2023 U.S. #corn yield comes in well above expectations, #soybeans land above as well.
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U.S. #corn yield came in above most trade guesses in the biggest upside surprise for this report since 2017. Indiana seen breaking 200 bu/acre, and yields are up from last month in most major states.
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Not many yield changes among top U.S. growers of #soybeans except for a sizable downgrade in Nebraska. However, bumps in Ohio, the Dakotas and Wisconsin helped national yield rise from last month.
USDA increases #Brazil's 22/23 harvest of #soybeans (those exports have to be coming from somewhere, right?).
23/24 soy & both #corn unch.No change to #Argentina's corn & soy crops, but 23/24 #wheat output was cut to 15 mmt from 16.5 mmt last month.
This number was slightly bullish for beans.
Mixed bias on world stocks. #Corn higher than expected on bigger U.S. crop. #China corn imports unch at 23 mmt, #Ukraine exports to 20 mmt from 19.5.Cuts in #India & #Argentina #wheat crops offset by +5 mmt in #Russia. Ukraine exp up 1 mmtChina #soy imports unch @ 100 mmt
