All three grains finished the day stronger in anticipation of a bullish USDA Report. We will find out the results tomorrow morning as the USDA will release a Supply and Demand report along with wheat production at 7:30am. In addition to this report we will also have export sales numbers which have been pushed back a day due to the Fourth of July holiday. Below you will find the average estimates for tomorrow mornings report. The estimates for corn export sales are between 800,000-1,100,000mt. The estimates for bean export sales are between 500,000-750,000mt. Estimates for wheat export sales are between 350,000-450,000mt. Tomorrow morning we will release our opinion of the USDA Report in both our morning and afternoon commentaries. If you have any questions about your individual operation and the protection that you need as we progress through the summer, please do not hesitate to give us a call.
Commodity Estimate Range Last week's sales
Wheat 350,000 - 450,000 424,400
Corn 800,000 - 1,100,000 726,200
Soybeans 500,000 - 750,000 715,000
Soymeal 100,000 - 200,000 125,000
Soyoil 50,000 - 65,000 13,500
Cotton 300,000 - 400,000 408,700
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November Soybeans and Dec. Corn Daily Numbers & Trade Ideas for 7/8/10
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