Tidbits, Nov S&D Report and Yields, Flash Export Sales, China Deals 11/15/25
- Wright team
- 11 minutes ago
- 4 min read
November S&D
Last year, the USDA started the 2024 corn crop with a yield of 181 in May and continued that yield in June and July. In August, USDA put the yield at 183.2, then 183.6 in September, then 183.8 in October, 183.1 in November. There is no crop production report in December, so the December S&D always has the same yield as November S&D. This year may be different because of the shut down, but we doubt it.
On 10 January 2025, March corn was $4.52, 52¢ above its contract low made the previous August when that January 2025 crop report took yield from 183.1 to 179.3. March corn was up 14½¢ that day and on its way to the contract high of $5.04½ on 19 February.
The market did not believe 183.1 national average yield on 82.9 million acres and the market does not believe we are going to get a national average yield of 186.0 on 90 million acres in 2025. U.S. farmers planted more acres in 2025 than any year since 1936 and will harvest more acres of corn for grain than any year since 1933.
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