Good Morning, Markets are quiet this morning as traders prepare for the USDA’s quarterly stocks and planting intentions report that will be released at 11am today. Estimates for today’s report are listed below. Quarterly Stocks (billion bushels) March 2019 Average...
March 26, 2019 Good Morning, Futures are mixed in a low volume trade with the traders unwilling to add to their positions ahead of the key reports from the USDA on Friday morning. Beans were down 3, corn off 1 and winter wheat up 2 to 4 cents. With the funds already...
Good Morning, Markets are steady to start the week with both corn and soybeans hanging around unchanged. Last week resulted in a 5 cent gain in corn futures and a 5 cent loss in soybean futures. The funds remain short 265,000 corn and 61,000 soybean contracts....
Good Morning, Corn is trading 2-3 higher this morning after talks yesterday that China had stepped up and booked its first purchase of US corn. Corn prices have risen despite fund managers increasing their record net short position. The USDA confirmed yesterday’s...
Good Morning, Quiet markets to open the day with corn up 1 and soybeans down 2. Yesterday’s weekly ethanol report had production down 1000 bpd to 1.0 million as stocks jumped 681,000 barrels to 24.41 million barrels. Tjhis morning export sales for the week ending 3/14...
Good Morning, Corn and soybean markets are steady this morning after the funds added to their short position yesterday. The funds currently sit short 259,000 contracts of corn, 85,000 contracts of soybeans and 75,000 contracts in the wheat market. Flooding in...
