From: Terry Reilly
Sent: Thursday, April 09, 2020 8:19:18 AM (UTC-06:00) Central Time (US & Canada)
Subject: FI Morning Grain Comments 04/09/20
Conab reported a 1.8MMT upward revision to its Brazil corn production and lowered soybeans by 2.1 million tons from March. China CASDE showed projected 2019-20 China corn imports higher but industrial use down from last month. USDA
export sales were good for grains but not so great for the soybean complex and wheat. USD was down 30 at the time this was written.
Initial Jobless Claims Apr 4: 6606K (exp 5500K; prevR 6867K; prev 6648K). Fed also announced a new 2.3 trillion program to support economy.