March 6, 2019
Trade was higher yesterday, with much of the day up two-three cents. Several reports will be coming out over the next three days. Today we’ll see prior week ethanol numbers, tomorrow the USDA export numbers, and a monthly stocks report on Friday. Remember that today and tomorrow numbers will clue us for what to anticipate for Friday’s report.
South American weather is still ideal. The dry area in Brazil will see limited rain over the next two weeks. The rest of Brazil has the same forecast it’s had all season. Argentina also stays in a wetter pattern to finish the growing season.
Corn is down one and soybeans are down four to open the day.
Have a Great Day!