Grain Marketing Specialist
Corn: As of 7:45- 1 lower
Harvest pushes forward as weather looks to be favorable for the last leg of combining. USDA reported a sale of 130 tmt to unknown yesterday as we search for something new to talk about. WASDE report out tomorrow at 11 am CST. The market looks to await this info as the bias is a slight increase in production. Meanwhile CZ7 what trade north/south of 3.50 a couple of cents.
Soybeans: As of 7:45-2 higher
Harvest wrapping up the last 10%. SA weather looks favorable for now. President Trump visits China today with the US trade deficit on the docket. USDA report tomorrow expected to show a slight decline in production.
Wheat: As of 7:45- 2 lower
An increased HRW rating, the planting season wrapping up and stocks continue to weigh heavy on this market. China selling wheat out of state owned reserves yesterday. Little direction from row crops as well as we continue to search for a production hiccup somewhere……