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Market is still chewing
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Conan the Farmer
Posted 2/8/2019 11:15 (#7306233 - in reply to #7306203)
Subject: Quick Summary for Corn/Soy



South Central Iowa
Carryouts for corn and soy dip slightly on yield reductions; 176.4 and 51.6 as frozen fingered SoDak mentioned, lol.

Brazil Soybean production dropped from 122.0 mmt to 117.0 mmt for upcoming crop. Argentina is at 55.0, back to their normal production after last years 37.80 mmt.

World Soybean Production dropped just over 8 mmt, but stocks use projected to increase over last year from 29% to 30.5% globally.

No change essentially to global or SA corn production in this report.

It's a boring one; corn down 1c and soybeans down 4c at 11:15.

Don't forget to sign up for your MFP before the government shutdown again next week, you really already should have.
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