Agri Blog

End of Da

Corn:

  • Futures ended near $4.40 support (opinion)
  • Tested $4.49 potentially resistance overnight
  • Weekly US corn export sales estimated at 700-1,200 mt vs 1,056 last week

Soybeans:

  • Futures near $11.50 support (opinion)
  • Tested $11.75 potentially resistance overnight
  • Weekly US soybean export sales estimated at 375-850 mt vs 377 last week
  • Soymeal sales estimated at 150-400 mt vs 143 last week

Wheat:

  • One analyst estimates wheat crop closer to 82 mmt
  • Weekly US wheat export sales estimated at 200-500 mt vs 224 last week

Weather:

  • NWS 6-10 day forecast for normal rains and above normal temperatures
  • Overnight temperatures in 70’s (Fahrenheit) reported in some areas (e.g., Indiana)

Disclaimer: The risk of loss in Commodity Interest trading is substantial. Past performance is not indicative of future results. Any content presented should be viewed as a solicitation and an inducement to conduct business with AgOptimus. Market information presented is believed to be accurate as of the time of publication. Trading and investment decisions should be made at your own risk and only with risk capital. Be advised the views and opinions expressed herein do not necessarily reflect the current views or positions of AgOptimus and are subject to change at any time

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