Written Commentary
SUPPLY/DEMAND REPORT HIGHLIGHTS
- USDA punted. Soybeans are up, Corn and Wheat lower on the news
- USDA left the corn carryout unch
- USDA left the soybean carryout unch
- USDA increased the wheat carryout
- USDA estimated Brazil corn crop at 125.0 vs 125.0 previous, Argentina 37.0 vs 40.0
- USDA estimated Brazil soybean crop at 154.0 vs 153.0 previous, Argentina 27.0 vs 33.0
- USDA estimated Russia wheat crop at 92.0 mmt vs 92.0 previous
- USDA estimated China soybean imports at 96.0 vs 96.0 previous
- Now prices are up to weather and crop conditions
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