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Post-Report HOT TAKE

Post-Report HOT TAKE

November 9

Nov 09, 2022
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No Bull
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Post-Report HOT TAKE
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Corn

  • Yield +0.4 bpa at 172.3 vs 171.9 in Oct & 171.9 pre-report estimate

  • The 35 mil bu increase in production was partially offset by a 25 mil bu increase in feed/residual

  • Net effect = ending stocks +10 mil bu at 1.182 bil vs 1.172 in Oct & 1.207 pre-report estimate

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