Good Morning, Yesterday’s crop report showed very limited changes on the balance sheet. The USDA lowered 2019 production by 46 million bushels, and took out 50 million bushels of ethanol demand, making for a net change into new crop of 5 million bushels higher....
June 11, 2020 Good Morning, Corn is up 2 while soybeans and wheat are down 2 to ahead of today’s WASDE report that will be released at 11am central time. Estimates are listed below. 2019/20 US Carryout (billion bu.) USDA June Ave. Est. USDA May Corn 2.103 2.150 2.098...
Good Morning, Markets are mixed this morning with corn down 3 while soybeans and wheat are up 2. Yesterday’s selloff in corn and soybeans was a result of Mondays planting progress and crop conditions report that has traders preparing for large carryouts this year....
Good Morning, Markets are lower this morning with corn and soybeans down 3 and wheat down 5. Last night’s planting and crop progress report showed the US corn crop 97% planted and 75% in good to excellent condition. Soybean planting progress came in at 86% planted...
Good Morning, Soybeans and wheat are down two while corn is up 2 this morning. Corn has made small gains in the past few days, but it’s mostly just been a change in the spread and the position the funds hold. The funds will likely remain short corn unless the weather...
Good Morning, Markets are slightly higher this morning with corn and soybeans both trading 1 higher. Short covering may be the market mover to close out the week. I doubt the rally will go very far, but any rally is good news. Corn will have a tough time clearing...
