Good Morning,
Markets were quiet overnight and should open the same this morning as traders await the 11am release of production estimates from the USDA. This will be the only news traded today and could set the tone for the coming weeks as harvest in the south begins to work its way north. Below are the estimates for today’s report. Be sure to check back at 11am for today’s numbers.
Production (Billion Bu)
USDA August 10 Average Estimate USDA July
Corn Production 14.586 14.411 14.23
Yield 178.4 176.2 174.0
Soybean Production 4.586 4.407 4.310
Yield 51.6 49.6 48.5
Ending Stocks (Billion Bu)
USDA August 10 Average Estimate USDA July
Corn 2.027 2.0210 2.0270
Soybeans .430 .460 .465
Have a Safe Day!
Garry Gard
920-348-6844
ggard@didionmilling.com