This morning at 11:00 the USDA released the December Supply Demand Report. We did see corn and beans move a few cents a bushel. However, given the big swings we have seen lately it seemed quite minor. As Gordy Kralovetz with Chiodo Commodities said "it was a ho hum report." Going into the report corn was down a couple cents and beans 6 to 8 cents lower. Looking at the average trade guesses before the report traders were anticipating very little change and that is what we got!

Many times the funds sell slightly bullish or neutral USDA Reports and they did again today but, the markets quickly recovered. There were also just minor changes in the world numbers too. Looking ahead it is the January USDA Report that typically provides the fireworks! Many years we see almost limit moves up or down depending on the numbers. The USDA includes the final production for the year, the first projection on the next crop we will plant this spring, and the Quarterly Grain Stocks Report.

Click on the link above and listen to Gordy Kralovetz with Chiodo Commodities discus the USDA Report a few minutes after it was released.

FIVE THINGS YOU DIDN'T KNOW ABOUT MINNESOTA

From purposefully spinning the car around on snow/ice to the Minnesota Nice Department of Health Inspectors and the Hot Dog Stand, you'll probably had no idea these things were true in Minnesota.