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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

ggard@didioninc.com