Grain markets this morning are mixed ahead of today’s hotly-anticipated U.S. stocks and acreage report, which will be published at 11AM CST.
Grain markets are mostly in the red this morning, notably canola after Statistics Canada said that there were about 400,000 more acres planted this year in Canada than the market was expecting.
Grain markets mixed ahead of important USDA reports today (crop progress) and Friday (quarterly stocks and acreage).
Grain markets are lower as Monday’s crop progress report continues to be digested, and profits are taken off the board, despite some more challenging weather this week.
Grain markets are all in the green this morning, led by corn prices extending their five-year highs, as the complex continues to factor in more wet weather in the U.S. Corn Belt.
Grain prices are in the green today this week’s focus reverts from the WASDE report to weather, notably in Australia and North America.