Corn💠1.04 MMT
Soybeans💠384 KMT
Wheat 💠 151 KMT
| Corn hit a 4-week low but is still near its weekly average. Export commitments are 33.0% behind a year-ago compared to 34.0% behind last week. USDA projects exports in 2022-23 at 1.850 billion bu., 25.1% below the previous marketing year. |
Soybeans were up considerably from last week, and 36%higher than the 4-week average. Soymeal beat expectations by 130,000 MT. Export commitments are running 10.0% behind a year-ago, versus behind 8.4% last week. USDA projects exports in 2022-23 at 2.015 billion bu., down 6.6% from the previous marketing year.
Wheat was up from previous week but still lagging behind previous 4-week average by nearly 40%. Export commitments are running 5.1% behind a year-ago, compared to 5.4% behind last week. USDA projects exports in 2022-23 at 775 million bu., down 3.1% from the previous marketing year.
| The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. |
