The next USDA report is Acreage/Grain Stocks: June 29, 2018.
Market Comments for June 21, 2018
The market was steadily mixed today as traders await the next weather or trade war news event. Wheat was supported as growing areas around the world continue to experience weather issues, mainly in the Black Sea region and Australia. Wheat export sales were excellent this week at 17 mbu with the expected range at 9-18. Corn was propped up by wheat and bargain buying after hitting lows earlier this week. Corn export sales were disappointing at 6.5 mbu, the trade was expecting 28-39. Soybeans continue to be uneasy of trade war implications with no recent news of progress in the last couple of days. Beans sales this week barely met estimates at 11.1 mbu.
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