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USDA's acreage and stock reports are due Friday, and traders expect small upgrades to the planted acreage except for cotton while quarterly stocks, if realised, would mean 2-, 3- and 4-year highs for #soybeans, #wheat and #corn respectively, all up around 20% compared with this… https://t.co/FjAnbtoYxV
USDA's acreage and stock reports are due Friday, and traders expect a small upgrades to the planted acreage except for cotton while quarterly stocks, if realised, would mean 2-, 3- and 4-year highs for #soybeans, #wheat and #corn respectively, all up around 20% compared with this… https://t.co/pCnuZJGT85
Repeat of 2014 or Counter Seasonal Rally? 🌽 Seasonally, yes the majority of the time corn goes lower from here. Many people are pointing out the fact that this year is very similar to 2014 in terms of price pattern thus far. In 2014, we didn’t get that major summer weather… https://t.co/D7dvYpBifX
Market reviews and recaps show fluctuating prices in the corn, soybean, and wheat markets due to weather forecasts and flooding fears. Corn prices tested lows but rallied back, while soybean prices rose on flooding concerns. Grains faced pressure and cuts, with wheat often in the red. Traders anticipate key acreage and stock reports from the USDA, with expectations of upgrades in planted acreage for corn, soybeans, and wheat.