Wed. last day of the month 31 st.
ProFarmer tour
Corn yield 168.1 13.759
Soybeans 51.7 4.535
Brazil conab projects 150.36 Brz.Soybean crop (record)
+3.5% increase in planted acres
also 92 mmt in 2023 bean exports
With these yields (USDA confirms in Jan. ) we should have a battle for acres.
Do we see buy the rumor (last week) and sell the fact Monday??
Monthly
Dec. corn
High 671 and Low 587.50 = 50% 629
4 week avg is 629.25
Nov. beans
High 1484.50 and Low 1356 = 50% 1420.25
4 week avg is 1420.25
Rains will help corn fill and beans yet.
Weather should be watched in China and SA.
Corn will be supported on breaks
Beans..not a bull number
Be Safe
Scott Capinegro
800-9421513
Branch Office of HighGround Trading
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