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Prices sold off post USDA report after trading higher on SA crop concerns. USDA reported the US ending stocks for corn, soybeans, and wheat above trade expectations. Corn was unchanged from last month, soybeans down 25 million, and all-wheat up 20 million.
US soybean stocks 325 vs. 350 last month (-25), 15 million vs. trade
US corn stocks 1540 vs. 1540 last month (0), 28 million vs. trade
US wheat stocks 648 vs. 628 last month (20), 19 million vs. trade
WLD soy stocks 92.8 vs. 95.2 last month (-2.4), 1.3 million vs. trade
WLD corn stocks 302.2 vs. 303.1 last month (-0.8), 1.9 million vs. trade
WLD wheat stocks 278.2 vs. 280.0 last month (-1.7), -1.7 million vs. trade
Brazil Soy 134.0 vs. 139.0 last month (-5), 0.3 million vs. trade
Arg. Soy 45.0 vs. 46.5 last month (-1.5), 0.5 million vs. trade
Brazil Corn 114.0 vs. 115.0 last month (-1), 0.4 million vs. trade
Arg. Corn 54.0 vs. 54.0 last month (0), 1.8 million vs. trade
Terry Reilly
Senior Commodity Analyst – Grain and Oilseeds
Futures International
One Lincoln Center
18 W 140 Butterfield Rd.
Suite 1450
Oakbrook Terrace, Il. 60181
W: 312.604.1366
ICE IM: treilly1
Skype: fi.treilly
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