Updated on 9/22/2017
Near the break corn is 2 cents higher, wheat is up 2 ¾ cents and beans are up 7 ¼ cents.
WTI Crude is off 18 cents, with the Dollar Index off 243 points in early trade.
For the week ending September 14th, U.S. All Wheat sales are running down 3% versus a year ago, shipments 2% ahead with the USDA forecasting an 8% decline on the year.
By class, HRW wheat sales are 14% behind, shipments 4% behind with a USDA forecast of a 12% decrease.
The sales of the 2017/2018 crop in Argentina are strong. According to Buenos Aires brokerage Zeni, there a growth of 62.2% on sales compared to the same period of last year.
Most yield reports still suggesting a better than expected corn and soybean crop across the US.
Chart of the Day
Weekly export sales report for the week of September 7 through 14 reported corn sales of 526,867 tonnes, under the 700,000 - 1,000,000 trade expectation. USDA's export goal this year is 1.850 billion. That would be 7% under the average of the sales over the past four years. Current year to date sales are 434 million bushels. That is 16% under the 518 million four year average sale pace.