Oct 9, 2026 · 30 min · 9 segments
The October 9, 2026, broadcast of Commodity Week features host Todd Gleason leading a panel discussion with market analysts Logan Kimmel, Ellen Dearden, and Jim McCormick regarding the fallout from…
Jim McCormickPanelist
Ellen DeardenPanelist
Logan KimmelPanelistLogan Kimmel from Roach Ag out of Naperville, Illinois joins us to talk about this morning's USDA reports and The broader aspects of the marketplace.
In the corn, the big news was that the Nebraska numbers changed month over month.
They went from 177 bushel to the acre average to a 188. proves that rain must make grain even late in the season.
The market at the time you and I are talking is down around 20-25 cents for corn.
Tell me about what you think of the report and how the market will manage this over time.
Well, very bearish up front, initially reacting to that yield number being way above what the trade was guessing.
And I think a problem in the corn market now going forward is that big of a change in the yield.
And now the carryout, the ending stocks, goes against the fund's position of heavily long in the corn market, which might lead to further long liquidation and selling here in the mid to upper $4 range.
I think that's been being priced in right now as we're having trouble finding a bottom.
And Again, the overall shock, the initial surprise, big number today being the yield, really flipped the script from where we were just even two to three weeks ago here in this corn market.
Okay, so what will you be thinking about as it's related to how you get producers turned around, set up for this kind of move in the middle of their harvest season and what they'll need to do to protect their bottom lines?
Well, yeah, I think right now the time of the year usually isn't the best anyway to be marketing, right? Harvest time historically isn't the time to be doing a large bulk of your selling usually.
If we do go lower on this corn or soybean market, we'd want to see hopefully some export business pick up.
Logan Kimmel from Roach Ag out of Naperville, Illinois joins us to talk about this morning's USDA reports and The broader aspects of the marketplace.
In the corn, the big news was that the Nebraska numbers changed month over month.
They went from 177 bushel to the acre average to a 188. proves that rain must make grain even late in the season.
The market at the time you and I are talking is down around 20-25 cents for corn.
Tell me about what you think of the report and how the market will manage this over time.
Well, very bearish up front, initially reacting to that yield number being way above what the trade was guessing.
And I think a problem in the corn market now going forward is that big of a change in the yield.
And now the carryout, the ending stocks, goes against the fund's position of heavily long in the corn market, which might lead to further long liquidation and selling here in the mid to upper $4 range.
I think that's been being priced in right now as we're having trouble finding a bottom.
And Again, the overall shock, the initial surprise, big number today being the yield, really flipped the script from where we were just even two to three weeks ago here in this corn market.
Okay, so what will you be thinking about as it's related to how you get producers turned around, set up for this kind of move in the middle of their harvest season and what they'll need to do to protect their bottom lines?
Well, yeah, I think right now the time of the year usually isn't the best anyway to be marketing, right? Harvest time historically isn't the time to be doing a large bulk of your selling usually.
If we do go lower on this corn or soybean market, we'd want to see hopefully some export business pick up.
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