The Corn carryout came in a lot lower than I feared.. and they only lowered the average price $0.10.. to $4.30.. we should bounce.
Wheat similar.. $5.70 they cut acreage and lowered stocks.
Soybeans.. they lowered the average on farm price to $10.80.. well we’re already way below that.. the carryout grew.. but isn’t the trade already there?
2 bullish vs soybeans.. we should be due for a bounce..
Edited by JonSCKs 8/12/2024 11:14
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Lower Stocks Corn $4.20 and Wheat $5.70.. Soybeans.. not so much.. still $10.80.
