Corn and wheat are off to a weak start overnight. Soybeans are trailing but still lower, overall the new crop corn-bean ratio has been rising and is now up to 2.48.
The Russian’s are reporting a record production year for the Black Sea region at 9.8 million mts which may be part of the reason for that wheat weakness. The spring wheat tour is also reporting.
Informa economics will have their estimate this morning around 10 .
To continue reading this article, please Sign Up or log in. It’s free!