Starting off with the grains, corn is currently down by about four and a half cents. Wheat isn't faring much better, with a slight decrease of a couple of cents. These movements are relatively modest but indicative of the market's current sentiment.
The real story, however, is with soybeans. They're experiencing a significant drop of 15 and a quarter cents. This decline seems to be fueled by the anticipation of the upcoming report, which is expected to confirm larger ending stocks, potentially over 2 billion for corn. Soybeans are also projected to have large carryouts, despite the unexpected numbers we saw in the January report.
