Thursday 30th USDA Grain Stocks and Small Grains Summary

This will be a BIG week for the grains actions.

Oat/Corn Spread
2014 was the record 53 cent spread

BEAR                                            BULL
SA planting                                    SA rains (planting delays to watch for IF)
US Dollar                                       China shutting down some crushing
China crush plants shut down       facilities BUT would still need soy products
do to energy problems
China / Evergrade                         Corn / Tar disease
US Harvest pressure                     Inflation

                                                      US Harvest pressure and no new lows??

Corn 200 day ma 510.75 and Nov. Beans 1273.50

Market hasn’t closed under the 200 day ma.      

Be Safe