The impact of the government shutdown continues to be felt, as today was supposed to be the October WASDE report. However, we can still look at the trade estimates to get an idea of what this month’s report could have looked like. Allendale commodity broker Greg McBride gave some insight into what the grain stocks might’ve looked like.
McBride said the October report normally doesn’t contain any major changes due to harvest, but the corn numbers could have been adjusted to adjust the recent changes made to the feed and residual numbers.
Production numbers for both corn and soybeans were both projected to drop this month. However, McBride said yield estimates from across the country are all coming in at different levels.
The team at Allendale can be reached by calling 800-262-7538, or you can visit allendale-inc.com.
