Good morning, Corn is up 2 and soybeans are up 18 to open the day as traders await the 11am crop report. Estimates for today’s report are listed below. USDA 2022/23 US Carryout (billion bushels) USDA April Average Estimate USDA March Corn 1.342 1.319 1.342 Soybeans...
Good morning, Weaker markets to open the day with corn down 9, soybeans down 10 and wheat unchanged. The initial U.S. Crop Progress Report for the spring showed winter wheat ratings falling from 34% to 28% good/excellent, down from 30% last year and the 43% five-year...
Good morning, Grain markets opened higher this morning with corn currently up 4, soybeans up 14 and wheat up 5. As for the USDA crop report on Friday the bean and corn stocks both came in bullish. The smaller stocks were likely due to smaller crops...
Good morning, Report Day!! Today is the big day for the March Planting Intentions Report. This report has created some strong moves in the market on the day of and the week after. Believe it or not, this report has been bullish for corn more often than not. ...
Good morning, Overnight corn and wheat were up 2 and soybeans were up 1. It feels like the markets are in the pre-report ‘wait and see’ mode ahead of tomorrow’s report. Pre report estimates are listed below. There will be a lot of data to digest tomorrow so it is hard...
Good morning, Corn is down 2 and soybeans are down 3 to start the week. The recent selloff has the funds short corn futures for the first time since August of 2020. The funds are currently short corn by about 40,000 contracts. It is going to be hard to get the funds...
