7-02-23
Monday 3rd
Full Moon
Tuesday 4th
Happy 4th Of July
Markets closed and reopen Wednesday 5th at 8:30 am cdt.
Friday 7th
Export sales
USDA Acreage Numbers:
Game Changer for now.
Corn 94 mil and soybeans 83.5
Plus rains in Midwest Drought areas.
Ouch
For the week
Dec. Corn down 93.25 cents
Nov Beans up 33.25
Sept Wht down 95.50
For the Month of June
Dec. Corn down 27 cents
Nov. Beans up $1.96and 3/4
Sept Wheat Up 43 cents
Naomi Blohm did a nice job
Corn
Yield 175 ending stocks 2,094
Yield 170 ending stocks 1.663
Yield 165 ending stocks 1.231
Beans
Yield 52 ending stocks 137
Yield 51 ending stocks 54.66
Yield 50 ending stocks -28 (negative 28)
Yield 49 ending stocks -110.66 (negative 110.66)
Increase in States:
Iowa +300k
Il. +500
SD. +300
Mo. + 200
TX. +450
This are good producing states
Here is HOPE Dec. finds some support
485-474.
Hope again rallies take us to
505 and 512 and possible 522
Corn picture is not good now.
Maybe Beans can give us a corn rally.