Monthly Archives: June 2017

Acreage and Ending Stocks Report

Acreage Report

USDA 6/1/17
Ave. Trade Guess
USDA 3/1/17
USDA 2016
Corn Acreage
90.9
89.82
89.996
94.004
Soybean Acreage
89.5
89.946
89.482
83.433
All Wheat Acreage
45.7
46.045
46.059
50.154
 

Ending Stocks

USDA 6/1/17
Ave. Trade Guess
USDA 3/1/17
USDA 6/1/16
Corn Stocks
5.23
5.160
8.616
4.711
Soybean Stocks
0.960
0.981
1.735
0.872
Wheat Stocks
1.18
1.154
1.655
0.976
 
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Report Day

Good morning. Report day.  Grains and soybeans have extended yesterday’s gains with wheat again the market leader. Minneapolis wheat is again higher although Chicago wheat is keeping pace this morning.  The Dollar is slightly firmer this morning and crude oil is modestly higher. Chinese ag futures were mixed today with corn steady, soybeans slightly lower, and veg oil markets mixed. Malaysian palm oil was lower. Deliveries were surprisingly heavy overnight with  1942 corn deliveries (date of 4/27) ,

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