Early call on Chicago
The USDA numbers look friendly for corn with US and world ending stocks lower than anticipated. Corn is being called 5-10c higher this afternoon.
The wheat numbers were neutral with US ending stocks slightly lower than expected but world ending stocks higher. The early call for wheat is unchanged.
The soybean numbers are "a little negative" with both US and world ending stocks higher than anticipated. The early call on beans is flat/lower.
The wheat numbers were neutral with US ending stocks slightly lower than expected but world ending stocks higher. The early call for wheat is unchanged.
The soybean numbers are "a little negative" with both US and world ending stocks higher than anticipated. The early call on beans is flat/lower.