Markets - General
USDA raised both old crop exports and feed usage by 75 million bushels. Standard Grain’s Joe Vaclavik describes the report as “the friendliest report you possibly could have received from USDA.”
Most of the Bearish News is Priced In
From more corn acres than expected to a large increase in corn and soybeans currently being stored on farm, market watchers are still digesting USDA’s big June Acreage and Grain Stocks reports.
Soybeans and Wheat Prices Follow
What does it mean for the balance sheets and future prices?
Jerry Gulke shares three things to know about the state of corn, soybean and wheat prices.
Joe Kooima of Kooima Kooima Varilek says row crops have had a tough week making new lows — and Friday is off to a similar start.
DuWayne Bosse, Bolt Marketing, says the trade is leaning too bearish heading into the reports, but corn and soybeans have also experienced selling tied to improved weather and other factors.
DuWayne Bosse, Bolt Marketing, says the trade is leaning too bearish heading into the USDA reports, but corn and soybeans just can’t seem to put in a low.