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Market Update

Jul 24 Corn close 4.67

-.02

Dec 24 Corn close 4.885

.00

Jul 24 Soybean close 12.465

-.0225

Nov 24 Soybean close 12.28

+.0825

Jul 24 SRW close 6.4275

-.06

Jul 25 SRW close 7.155

-.0125

June CAD .7290

-.0036

Closing Chatham elevator bids


Today corn and soybean futures closed mixed, and wheat was lower. Futures did turn higher as buying interest was evident early in the day session as funds look to square up positions ahead of Friday's USDA report. Friday's report will be the first time we see the US new crop balance sheets. USDA will use trend line yield, and will likely print a large carryout for both corn and soybeans. Yesterday's US crop progress report showed 36% of corn planted vs 40% estimated, and 25% complete for soybeans vs 29% estimated. Statscan released March stock numbers this morning, Ontario corn and soybeans stocks (on farm) were reported lower than last March, reported farm stock for corn was 2,695k MT vs March of 2023 at 3,200, and soybean farm stocks were 515k MT vs 619 last March.


Have a good night.

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USDA reports and schedule

Looking for the publish dates of the USDA reports for 2023? Visit our website. We keep an archive of the reports that go back to 2016.

USDA Reports

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