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Maltby Marketing News for November 14

Maltby Marketing News for November 14

Hello Kansas Wheat.


There were two major surprises this past week. The outcome of the Presidential Election was a shocker, no question. And in my opinion, the November WASDE update was just as shocking.
The national corn average was RAISED almost 2 bushels per acre, completely reversing the recent trend of a slowly deteriorating corn yield picture. This chart shows what the USDA WASDE’s national average corn yield estimates were previously, and the Friday’s Z corn close of that week:


This is a bearish Dec corn chart (with WASDE dates). The combine exit polls did not predict the yield…



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Source: KAWG