The next USDA reports are Crop Production and USDA Supply/Demand, July 10.
Early in the session wheat traded higher following row crops. Export sales were mid-range of the trade estimate, and that was less than what is needed per week to meet the government’s weekly objective.
The corn market started lower in early trade, but finished within two cents of the high for the day. Corn G/E rating is expected to be lower on Monday by 1%. Informa’s numbers are lower than the June USDA report.
Like corn, Monday’s bean rating is expected to decline by 1-2% in the G/E. There were cancellations in the export sales report today, and exports could fall 50-100 mbu short of the USDA estimate.
COMMODITY PRICE UPDATES EVERY WEEKDAY
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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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