Good morning!
Average trade estimates are out for Friday’s big stocks/production/S&D reports from the USDA, traders are expecting both corn and soybean production to rise with soybean ending stocks staying tight while corn ending stocks balloon out a bit. (details below).
In export news, the USDA announced this morning that another 350k MT of soybeans were sold to China for the current crop year (13/14). This should lend support to a bean market that was lower last night. Other than that – it is quiet. Friday’s reports will eventually start to weigh on our markets, as traders remove risk prior to their release
Opening Calls
Corn steady/mixed
Soybeans 2c lower to 2c higher
Have a great day!
Dustin Weiner
Farmers Cooperative Company
Ames, IA
No comments:
Post a Comment