Grains Mixed to Lower After Benign WASDE: Focus Turns to Dollar, Weather, Acreage Report

Grains mixed after the WASDE with very few changes for corn and soybeans. Wheat did see slightly lower U.S. ending stocks and Russian, EU and Ukraine production dropped a total of 8 mmt says Jim McCormick, AgMarket.Net.

Grains mixed after the WASDE with very few changes for corn and soybeans.

Wheat did see slightly lower U.S. ending stocks and Russian, EU and Ukraine production dropped a total of 8 million metric tons.

Jim McCormick, AgMarket.Net, says the focus today becomes the lower dollar, weather and the acreage report at the end of the month.

AgWeb-Logo crop
Related Stories
Government payments, insurance and regenerative incentives are worth about $0.52 per bushel on a 220-bu farm. Add them to a $5.49 December board and the marketing math changes — if you know your numbers line by line.
A year after StoneX’s survey shocked the market, two StoneX economists sit down for an exclusive interview, saying this year’s numbers tell a very different story about what will drive prices.
Joe Kooima of Kooima Kooima Varilek says the gap lower opening in cattle futures Monday in response to the border reopening to Mexican imports was volatile. They anticipate more to come to price in the news, even after a $25 to $30 break in the futures recently.
Read Next
Record heat, a rare Pacific hurricane triplet, and a wobbly South American monsoon are the latest signs of a historic El Niño, and Nutrien’s Eric Snodgrass says it’s about to squeeze this fall’s harvest window, too.
Get News Daily
Get Market Alerts
Get News & Markets App