Grain News Overnight

Biggest news will be the USDA crop report tomorrow.

Soybeans recapture last weeks loss ahead of the crop report.

South American crop weather looks good, funds lighten short corn, add to long beans, a significant amount of beans were sold to China, much more than anticipated.

Average Trade estimates for tomorrow’s report:

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Biggest news will be the USDA crop report tomorrow.

Soybeans recapture last weeks loss ahead of the crop report.

South American crop weather looks good, funds lighten short corn, add to long beans, a significant amount of beans were sold to China, much more than anticipated.

Average Trade estimates for tomorrow’s report:

                                            Wheat Corn Soybeans
Average trade estimate        0.540 1.871 0.153
Highest trade estimate         0.570 2.013 0.170
Lowest trade estimate          0.404 1.737 0.118
USDA November                  0.565 1.887 0.170

World 2013/14 Ending Stocks
                                            Wheat Corn Soybeans
Average trade estimate      179.11 163.30 71.64
Highest trade estimate       182.20 165.50 75.79
Lowest trade estimate        176.30 156.95 70.00
USDA November                178.48 164.33 70.23