WASDE Corn Yield Fell and the Market Barely Blinked
StoneXThe WASDE corn yield fell to 178.5 bushels per acre, down 2.2 from August, moving the estimate toward the Pro Farmer number. Lane Dungan, Market Strategist at RJO Futures, walks through the corn and soybean yield revisions in the latest World Agricultural Supply and Demand Estimates and the positioning behind the market reaction. The soybean yield moved the other way, edging up from the August estimate while staying under the Pro Farmer figure. Futures chopped and finished lower on report day, with a record managed money long in soybeans adding weight to the selling. Attention now turns to the quarterly Grain Stocks report and to what crude oil is doing to the wider commodity complex. Discover Actionable Markets Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/all?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_lane_dungan&utm_content=share 00:00 - WASDE Lands Without a Shock 00:37 - Corn Yield Follows Pro Farmer 01:29 - Soybean Yield Nudges Higher 01:57 - One Lower Close, Record Long 02:49 - Corn Keeps a Bullish Tone 03:33 - Grain Stocks Day Decides Next Like and subscribe for more financial market insights. #StoneX #Corn #Soybeans #LaneDungan --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social