The next USDA report is Crop Production, May 10th.
Market Comments for April 18, 2019
Ample supplies and growing crop estimates pressured the market today, heading into the holiday weekend. Flooding throughout the Midwest has some traders concerned that corn planting will be delayed, but the forecast is looking warmer and drier over the next 10 days which should allow the fields to start drying. Argentina’s government has increased their crop estimate for corn and soybean production to 55 mmt and 55.9 mmt from 37.78 and 43.46 mmt previously. Brazil’s soybean crop is also estimated up another 2 mmt to 115.8 for this growing season.
The grain markets will be closed tomorrow Friday, April 19th to observe Good Friday and will reopen at 8:00 pm on Sunday, April 21st.
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