Morning Outlook

Production

7 years ago

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Overnight Highlights

Overnight grain markets: Corn -1 ¼, Soybeans -6, Wheat -3 ¼, Crude +.03, Gold +3.60, Dollar -.11, Dow futures +53.
Progress has been made on NAFTA talks this week as Canada’s Foreign Minister expressed hope that a final deal is within reach.
China is sending a trade delegation to Washington D.C. next week to continue talks, which is an encouraging sign.
AgroConsult estimated Brazil’s safrinha corn to be 12% less than last year at 60.2 MMT.
Buenos Aires Grain Exchange update: corn is 33% harvested with expected production of 32 MMT, compared to 41 MMT last year; soybeans 67% harvested with expected production of 38 MMT, compared to 58 MMT last year.
Sorghum from the U.S. to China has had its challenges, with 20 cargoes being diverted away from the PRC in recent days.
Thursday funds sold 11,000 corn, 5,000 wheat, 3,000 meal. Bought 6,000 soybeans, 2,000 oil.

Commodity Weather Group Forecast

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