Old crop corn & soybeans trading higher after today's USDA report lowered ending stocks again, showing corn & bean numbers lower than projections. Although the report lowered Wheat stocks, the trade is lagging behind down 2c.
With planting progress nearing finished, traders will turn weather & ever-changing tariff news including the recent deal between US and China going forward.
As of 11:47 CST Old crop corn up 2.4c @ $4.44, New crop up 5.4 @ $4.47. July beans up 20c @ $10.72, New crop beans up 26.2c @ $10.56.
US stocks stay unchanged on corn and beans with USDA showing a cut to wheat. World stocks see cuts across corn/beans/wheat which beans dropping below trade guesses. All eyes now on the March 31st planting intentions report and SAM weather.
Today's @USDA Report have markets hopping!
Big cuts in both #corn & #bean yields. Corn 179.3 (2 bpa below lowest trade guess) beans 50.7 (.4 bpa below lowest trade guess).
Markets are green after report… as of 12:00p CST March corn up 12, March beans up 22. #agtwitter
@EricMetcalfe It’s gotta be tough as a lifelong CU football fan to see it all come to this. But it’s only a blip it time, this won’t last long. Honestly I wanted to root for CU football when Deion came to town, but it’s become unbearable in my opinion. Ready for the next era.
@EricMetcalfe It’s just sad that it’s all about having nice cars and watches, instead of winning football games. Yes the media put them in the limelight, but as far as I’m concerned this team is a victim of their own demise.