World Perspectives
feed-grains soy-oilseeds wheat

AM Outlook - Mixed with Profit-Taking

GOOD MORNING, Prices are mixed this AM with gaps filled in beans and still waiting in corn as the markets find some profit-taking heading into the September 11 WASDE.  Analysts will begin to put out estimates for yield and production in front of the report.  One firm is already out with their guess, with corn at 179.6 bpa and production at 15.085 bln bu.  Their bean guess is 52.9 bpa with production at 4.388 bln bu.  As a reminder, USDA was at 181.8 bpa for corn and 53.3 bpa for beans.   The crop progress report was neutral with crop conditions not declining as much as feared.  Beans broke hard after the numbers were released.  WEATHER Rains still favored in the eastern Corn Belt, with good rains...

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feed-grains soy-oilseeds wheat

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feed-grains soy-oilseeds wheat

Summary of Futures

Mar 26 Corn closed at $4.275/bushel, down $0.0125 from yesterday's close.  Mar 26 Wheat closed at $5.3725/bushel, up $0.09 from yesterday's close.  Mar 26 Soybeans closed at $11.24/bushel, up $0.015 from yesterday's close.  Mar 26 Soymeal closed at $303/short ton, up $2.2 from ye...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

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