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Market Thoughts by Marc - June 9 '17


 

July corn 387 ¾ + 2                 July Soybeans 941 ½ + 3 ½        July Mpls wheat 606 ½ + 2 ¼         
Sept corn 395 ¾ + 2 ¼              Sept soybeans 945 ½ + 3  ¾             Sept Mpls wheat 611 + 2 ½   
Dec 17 corn 406 + 2 ¼            Nov17   Soybeans 948 ¼ + 4 ½      Dec 17 Mpls wheat 608 ½ + 2 ¼ 

 

So what did the USDA say?   

 

2016-17 carry out 

                                   Today                  Average Guess                    Last Month             Last Year  
Corn Bil-bu               2.295                      2.282                                    2.295                        1.737 
Soybeans mil-bu       450                         433                                      435                              197
Wheat     bil-bu          1.161                    1.160                                    1.159                         976

 

2017-18 carry out 
Corn                             2110                   2.084                                      2.11                            2.32 
Soybeans                      495                        498                                      480                            445
Wheat                            924                        909                                       914                         1.159

 

2016-17 SA Production 
Brazil 
Corn mmts                     970                       96.1                                    96                              67
Soybeans                       114                       112.3                                  111.6                         96.5

 

Argentina 
Corn                                   40                       39.9                                    38.5                            29
Soybeans                         57.8                    57.3                                     57                               56.8

 

World 2016-17 Carry out - mmts 
Corn mmts                       224.6                 223.9                                 223.9                                211.8
Soybeans                           93.2                   90.5                                   90.1                                77.1 
Wheat                               256.4               255.2                                 255.4                              241.7

 


World 2017-18 Carry out -mmts 
Corn                                      194.3               196.4                               195.3                              223 
Soybeans                             92.2                 89.3                                   88.8                               90.1 
Wheat                                  261.2              258.5                                 258.3                             252.3  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  
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