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#Grain Update

Wheat plunges to lowest since early March on ramped up US HRW rain expectations, tech selling and continued slow pace of US wheat export sales (6/16 US wheat stocks likely revised higher than trade expects tomorrow). Corn dragged lower by strong wheat undertow as...

Today’s Grain Markets

-Corn used for ethanol production in Feb higher than expected – sorghum share continues to rise -Ukraine wheat crop seen down 35% from last year -USDA winter wheat crop condition updates start this afternoon -Southern Plains forecast remains dry -Brazilian...

USDA Crop Report Results Verses Expectations

This post contains charts summarizing today’s Grain Stocks report numbers and Prospective Plantings report numbers relative to the average trade estimates heading into the reports. Corn planted area was the larger “bearish surprise” on record for the...
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