Pro Farmer
No changes to U.S. carryout for corn, wheat or soybeans
Fertilizer prices were already elevated, but they’re now surging just weeks before spring planting. What can be done to ease costs in the short term as well as fix the problem for good?
U.S. corn and soybean ending stocks left unchanged
No changes were made to the U.S. wheat and corn balance sheets, while a 5-million-bu. increase in soybean imports was offset by a 5-million-bu. increase in crush. Corn, soybean and cotton world ending stocks were each higher than respective pre-report estimates.
Big swings in crude oil futures are dictating trade in the grain and soy complex.
Bearish technical signal for most of the grains