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Morning Outlook

hoosieragtoday.com, 04.09.17


Overnight grain markets: Corn + ½, Soybeans +3 ¼, Wheat +4 ½, Crude -.10, Gold +3.30, Dollar -.08, Dow futures +66.

FC Stone September yield estimates: corn 166.9 bpa with production of 13.939 bbu, soybeans 49.8 bpa with production of 4.418 bbu.

France’s Agrimer sees French corn at 79% good/excellent vs. 80% last week and 60% last year.

IKAR upped its Russian wheat estimate to 81-84 MMT compared to 79-82 MMT previous. They raised export estimates to 31-33 MMT from 30-32 MMT.

Commitment of Traders report today at 3pm CDT.

Thursday funds bought 22,000 corn, 6,000 wheat, 9,000 soybeans, 3,000 oil, 3,000 meal.

https://hoosieragtoday.com/morning-outlook-723/



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