6/26/2019


Corn down 4, beans down 9, wheat up 23

Crude Oil- 59.26 up 1.43

US Dollar- 96.20 down .013
 
DOW- 26,561 up 12
 
The market took a breather today with corn down 4 and beans down 9. Wheat was the bread winner today closing the session up 8 cents. The weather forecasts look to be turning a bit drier with the next 10 days or so showing little accumulation for rains. We have a report out on Friday. Here are the estimates for that.
 
Quarterly stocks:
Corn 5.332 billion vs 8.605 in March
Beans 1.861 billion vs 2.76 in March
Wheat 1.100 billion vs 1.591 in March
 
Prospective plantings:
Corn 86.662 million acres vs 92.8 in March
Beans 84.355 million acres vs 84.6 in March
Wheat 45.654 million acres vs 45.5 in March
 
Stay tuned
 
Ali
 
 
 
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