@kannbwxConab increased #Brazil's #corn crop based on a bump in second crop production, despite some recent dry conditions in key states. That increased export expectations. Exports were unch for #soybeans but the crop got bigger.

@kannbwx

Trade will be watching #Brazil's #corn crop estimate in USDA's Thursday report. Analysts see the crop about 2 mmt smaller than last month. Brazil #soybeans seen down slightly, #Argentina corn/soy crops pegged a bit lower too.

metmike: Looks BULLISH for wheat to me.

@kannbwx

USDA projects 2022/23 ending stocks for U.S. #corn & #wheat will fall from the current year, but #soybeans are seen increasing. These trends align with trade expectations.

@kannbwx

7m

World #wheat stocks in 2022/23 are pegged well below trade expectations, but #corn comes in well above and #soybeans above. Old-crop corn stocks are up and soybeans are down.

@kannbwx

USDA predicts #Ukraine's 2022/23 #corn crop will plunge 54% on the year with exports down 61%. #Wheat production is seen down 35% from last year and exports are set to fall 47%.

@kannbwx

USDA reduces its outlook for 2021/22 #Argentina #soybeans, but Argy #corn and #Brazil corn & soy crops were unchanged from April.

n@kannbwx

USDA REDUCES its 2022/23 U.S. #corn trend yield to 177 bu/acre from 181 unofficially in its outlook forum based on slow planting pace. #Soybeans stay at 51.5 bu/acre. Corn plantings are lower/soy higher than what was being assumed in the Feb outlooks following March intentions.

Things are not lining up very well for grains.  We better have really good weather this year.  I saw your posts about La Niña Mike.  Going to be an interesting summer.

Agree strongly Jim!

Would not be surprised at limit moves dozens of times.

@kannbwx

 · May 12

Conab increased #Brazil's #corn crop based on a bump in second crop production, despite some recent dry conditions in key states. That increased export expectations. Exports were unch for #soybeans but the crop got bigger.