Good morning,
It’s report day! The USDA Grain Stocks and Acreage report will be released at 11:00am today. Early this morning corn and soybeans are slightly higher as traders’ position for the report. Check back after 11:00 for the updated numbers.
USDA June 1 Stocks (Billion Bushels)
| June 2024 | June 2023 | Average Est. | |
| Corn | 4.993 | 4.103 | 4.873 |
| Soybeans | .969 | .796 | .962 |
| Wheat | .702 | .570 | .684 |
USDA June Acreage (Million Acres)
| June 1, 2024 | March 31, 2024 | Average Est. | |
| Corn | 91.475 | 90.036 | 90.353 |
| Soybeans | 86.100 | 86.510 | 86.753 |
| Wheat | 47.240 | 47.498 | 47.657 |
Producers are advised to get some old and new crop sales on the books before todays report. Unless we see a dramatic drop in corn acres, prices will struggle to move higher.
Have a Safe Day!
Garry Gard
920-348-6844
