|
S Illinois | No 2025 data as that comes in May. SA changes will be minimal.
The wild card is how the grain stocks report plays into US ending stocks. The industry guesses were on but there is no way to tell for sure if that the Mar 1 stock numbers implied the usage USDA had forecasted. I was thinking we could see a small ending stocks decrease but the trade issues throw many curveballs not only into the export portion but even domestic use as oil and gas prices fluctuate and meat prices/usage become unknown.
Long way of saying that I look for a small US corn ending stocks decrease but planting weather and opening of a big field work window with some prior moisture will be more highly traded. | |
|
Wasde report
