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Key Discussion Points:

Corn, Soybean, and Wheat Stocks:

  • The trade anticipates a slight decrease in corn stocks, while our estimates align with the USDA's unchanged figures.
  • Soybean ending stocks are projected to rise, with questions surrounding export sales and crush numbers.
  • Wheat numbers are not expected to see significant movement in this report, with more attention on South American production.

South American Crop Production:

  • Argentina's recent weather patterns suggest a possible increase in production numbers, though the USDA may keep them unchanged.
  • Brazil's corn production is a mixed bag, with the first crop potentially being reduced, but the second crop is still in the planting phase, so yield predictions are premature.
  • Brazilian soybean production is expected to drop from 157 to around 153 million tons.

Market Reactions and Strategies:

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image author
Steve Georgy
Corn Aficionado
Voted “Best under 40” for McHenry County, Earned the “Emerging Leadership” award from Lincoln College. I have been on “This week in Agribusiness”, RFD TV, Rural Radio, AgriTalk, All Ag All Day, KBUF Morning Show, and several other TV and radio programs.

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