General Comments Markets were mixed overnight and also started the day that way. Corn and wheat traded higher most of the session with November soybeans trading both sides of unchanged. There were several storylines today:
Stats Canada released their 31 July stocks estimates (table below). The market expected smaller numbers than a year ago and that's what we got. It's interesting to note that Canola stocks were the smallest in 19 years. Markets were vastly different back then.
Today's weekly U.S. export sales report showed better than expected wheat and soybean sales with corn sales in the range of expectations. The export sales numbers are much stronger than a year ago at this time, especially wheat that is nearly 40 perc...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Key Takeaways: Argentina is on pace for a record corn crop and record exports in the current marketing year, with abundant supplies likely to keep the country highly competitive in global export markets. Argentina’s record exportable surplus is allowing it to offer highly competitive pri...
