Friendly corn, IMO.  Neutral wheat but prices breaking on lower soy.  Soybeans turning lower on slightly higher than expected US stocks and 1.5 million 2021-22 upward revision to global ending stocks.  US corn stocks can in well below expectations.  Wheat US stocks were lowered in large part to higher old crop exports. 

 

USDA’s wheat by class in the Crop Production (initially) does not match total winter wheat production of 1.309 billion (1.283 last month). 

 

2 PDF’s attached

 

Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International
One Lincoln Center
18 W 140 Butterfield Rd.

Oakbrook Terrace, Il. 60181

W: 312.604.1366

treilly@futures-int.com

ICE IM:  treilly1

Skype: fi.treilly

 

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