The next USDA reports are Acreage/Grain Stocks June 30, 2017.
Market Comments for June 27, 2017
Crop ratings were released yesterday afternoon with ratings coming in lower than expected. This news gave the grain market a slight bounce today after the drop in prices the market has experienced the past week. Ratings were unchanged for corn at 67% G/E, this is well below last year’s ratings at this time. Soybean ratings declined from last week to 66% G/E which fell short of the trade's estimate of 68-70%. Additionally, corn and soybean areas are expecting scattered but heavy rainfall later this week. Spring wheat ratings declined as well as with many areas remaining too dry through the end of this week. Winter wheat harvest is reported at 41% complete which is a few points ahead of the average. Traders will soon begin looking to Friday’s USDA Acreage/Grain Stocks report to guide the market for the remainder of the week.
Please join us for a Retirement Party honoring Herb Summersett June 30, 2017 2:00 - 4:00 p.m. The Forum Conference Room - Administrative Office
COMMODITY PRICE UPDATES EVERY WEEKDAY
Listen to WBGU, 88.1 FM, Monday - Friday mornings at 7:55 a.m. Scott Alexander, Mid-Wood Market Specialist, gives commodity price updates every weekday.
Give Scott a call at 419-353-6608 for more details on current grain marketing alternatives, or to schedule a farm visit
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