7/11/2019


Corn up 9, beans up 5, wheat up 17

Crude Oil- 60.54 up .02

US Dollar- 97.08 up .04
 
DOW- 27,088 up 227
 
The markets closed higher today after the report was out with wheat leading the way up 17 cents corn up 9 and beans up 5. The weather forecast looks to be dry for the next 10 days with 20% being the best chance of rains, we’ll need something before then especially being as temps are in the 90’s.
 
Here are the numbers from the report.
 
2018/19 Carryout
Corn 2.340 billion bushel up from 2.195 in June
Beans 1.050 billion down from 1.070 in June
Wheat 1.072 billion down from 1.102 in June
 
2019/20 carryout
Corn 2.010 billion up from 1.675 in June
Beans 795 million bushel down from 1.045 billion in June
Wheat 1.000 billion down from 1.072 in June
 
Yield
Corn 166 vs 166 in June
Beans 48.5 down from 49.5 in June
 
2019 Production
Corn 13.875 billion up from 13.680
3.845 billion Down from 4.150
 
Have a good night.
 
Ali
 
 
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