Tidbits, USDA September Stocks & Estimates, Costs Audit, Middle East, China PMI 10/1/25
- Wright team
- Oct 1
- 4 min read
Tidbits
The corn stocks number yesterday was 82 million bushels higher than the highest estimate and 196 million bushels more than the average estimate. Yesterday’s low on December corn was lower than the last two lows made on corrections after making new highs for the move in September. The trend of higher highs and higher lows since 12 August has been broken and the price went below the 20-day moving average, which is a bearish technical indicator. However, the SuperTrend indicator is still up.
Wheat stocks were 30 million bushels above the highest estimate as U.S. wheat production in 2025 was increased from 1,927 to 1,985 million bushels, 15 million above the highest estimate.
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