Premier Cooperative

Coffee Cup Comments (Market Commentary)

Coffee Cup Comments (Market Commentary)

Coffee Cup Comments

03-30-2020

 

 

WYXY Classic Morning Radio Program

 

 

Coronavirus, Coronavirus, Coronavirus.  Overnight the markets are trading mixed with corn under pressure from lower crude and less demand forcing ethanol plants to cut back on production or close. Soybeans are higher on South America slow export shipments to china from the Coronavirus effecting Port loading. Soybeans coming into the ports from truckers have slowed down on concerns of the spread of the COCID-19 grows.  Currently corn is trading 1-2 lower, Soybeans 6-9 higher, and wheat 5-7 higher. Traders will be watching COVID-19, COVID-19, COVID-19, China, China, China, and the Stock market, stock market, stock market, for a  direction.

MARKET MOVERS

USDA Weekly EXPORT INSPECTIONS Monday  3-30-2020 @ 10:00 am

USDA Weekly EXPORT USDA Weekly USDA EXPORT SALES Thursday 4-2-2020 @ 7:30 am

USDA Grain Stocks and Prospective Planting Reports Tuesday 03-31-2020 @ 11:00 am

Next USDA report will be March 31. Most look for USDA to estimate US 2020 corn and soybean acres will increase from last year.

 March 1 US corn and soybean stocks are expected to be lower than last year.

Trade estimates US 2020 corn planted acres intentions near 94.0 million versus 89.2 last year.

Trade estimates US March 1 corn stocks near 7,900 mil bu vs 8,613 last year.

Trade estimates US 2020 soybean planted acres intentions near 85.0 million versus 76.1 last year.

Trade estimates US March 1 soybean stocks near 2,180 vs 2,727 last year.

 

Trade estimates US 2020 wheat planted acres intentions near 45.0 million versus 45.2 last year.

Trade estimates US March 1 wheat stocks near 1,400 vs 1,593 last year.

Have A Premier Day

The information contained in this report is believed to be reliable but is not guaranteed to accuracy or completeness by Premier Cooperative, Inc. This report is provided for information purposes only and is not furnished for, nor intended to be relied upon for specific trading in commodities here in

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