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
Garrett Toay with AgTraderTalk says after the big rally to start the week the grain markets saw some profit taking and corrective selling.
DuWayne Bosse of Bolt Marketing says the wheat market was trying to extend gains early Thursday but may be getting close to pricing the Black Sea export disruptions in.
Oliver Sloup Blue Line Futures, says wheat prices skyrocketed adding risk premium on concerns about the escalating Black Sea war and the disruptions it is causing in the export market. It could have more upside left.
Get News Daily
Get Market Alerts
Get News & Markets App