Thursday 30th USDA Grain Stocks and Small Grains Summary
This will be a BIG week for the grains actions.
2014 was the record 53 cent spread
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.