Heartland Ag Edge
Heartland Ag Edge
January Crop Report: Market Chaos Unfolds
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January Crop Report: Market Chaos Unfolds

The January crop report shook markets: reduced corn/soybean carryout, lower yields, steady South American figures, bullish soybeans, mixed wheat, rising cattle/feeders, and crude oil gains

We had the infamous January WASDE crop report, the one that usually causes significant chaos in the markets. This one did not disappoint. The big numbers everyone was watching for were whether acreage would change and what the carryout would be. They ended up reducing the carryout for corn and beans. Corn carryout dropped to 1.54 billion bushels, 200 mi…

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