Source: Tyne Morgan, AGWEB, 1/12/22

The wait is finally over. USDA’s provided traders and farmers with its final production tally for the 2021 crop year on Wednesday. Along with Crop Production, the agency also released the latest World Agricultural Supply and Demand Estimates (WASDE) and Grain Stocks. January is the only month where USDA releases WASDE and Grain Stocks on the same day. The slew of reports caused corn, soybean and wheat to all trade lower immediately following the release. USDA slightly boosted corn-production estimates, but not due to a change in the national yield. Instead, corn saw a bump in total production due to USDA slightly increasing both area planted and area harvested.

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