Grain markets this morning are trying to rebound on some bargain buying, amidst a competitive corn exports environment, another big soybean harvest in Brazil, and the economic impact of the coronavirus.
Grain prices this morning are in the red this morning as traders take month-end profits off the board, despite Plant 2019 for corn and soybeans far from complete.
Grain prices are all in the green this morning as the complex looks to rebound from yesterday’s down day that saw only good sales in wheat exports.
Grain markets this morning are all in the red as the complex is factoring in some slower grain exports, notably in U.S. soybeans and wheat exports, and in Canadian durum and canola.
Grain markets continue to have one of its worst weeks as concerns of a trade war and declining grain exports are weighing heavy on the complex.
Today we look at projections for corn and wheat prices, noting lower wheat acres global (but not by much), and how exports of some major crops are faring (especially when compared to Chinese imports).