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Market Update

Jul 24 Corn close 4.675

-.05

Dec 24 Corn close 4.91

-.02

Jul 24 Soybean close 12.145

-.05

Nov 24 Soybean close 12.05

-.0725

Jul 24 SRW close 6.725

-.145

Jul 25 SRW close 7.31

-.0425

June CAD .7329

+.0009

Closing Chatham elevator bids


Turnaround Tuesday. Corn, wheat, and soybean futures lower today. Yesterday afternoon's US planting progress reported corn was 49% planted as expected, this is 5% behind the 5 yr average. Soybeans were 35% planted vs 39% estimated, this is 1% ahead of the 5yr average. A flash US corn sale was of 405k mt to Mexico this morning, 135k is for delivery in this crop year, and 270k for new crop. CONAB increased production estimates for both corn and soybeans this morning. Soybean production is now estimated at 147,684 million MT, and corn was increased to 111,635 million MT. This compares to USDA at 154 mmt and 122 mmt respectively.


Have a good night.

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USDA reports and schedule

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USDA Reports

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