We are watching two sets of numbers. First, what size are the 2019 corn and soybean crops now? Second, what will the USDA say about acres in today’s 11 AM reports? The USDA production estimates are likely to be higher than the current private trade estimates. However, projections are likely to move lower in future reports–especially if the dry weather pattern continues in the central Corn Belt.
Get our daily in-depth analysis delivered directly to your inbox by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out