Grains Stocks Provide Bullish Surprise in USDA Report: Corn and Wheat Acres Higher Than Expected, Soybeans Lower

USDA’s Quarterly Grains Stocks were the bullish story for corn and beans overshadowing the larger corn acreage at 92 million. Jim McCormick of AgMarket.Net has analysis.

USDA’s Quarterly Grains Stocks were the bullish story for corn and beans overshadowing the larger corn acreage at 92 million. Jim McCormick of AgMarket.Net has analysis.

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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.
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