Monthly USDA Report Today
At the break grains are stronger. Corn is up 3 cents, wheat is up 3 ¾ cents, and beans are up 4 ¼ cents.
U.S. Dollar Index slightly lower this morning.
USDA Monthly S & D Report out today at 11 a.m.
The Argentine Peso was weaker again on Monday, setting new lows versus the US dollar.
USDA weekly export loadings for corn totaled 55.465 mil bu, down from last week’s 61.2 mil.
USDA weekly export loadings for beans totaled 23.675 mil bu, up from last week’s 21.0 mil.
USDA weekly export loadings for all wheat totaled 13.594 mil bu, up slightly from last week’s 12.767 mil.
Interior commercial wheat basis bids across parts of Oklahoma have surged substantially, as elevators bid up to fill space on a short crop.
Chart of the Day
U.S. corn ratings fell by a point for the second straight week, coming in a point behind the steady trade expectation as well, at 77% good/excellent; that was still the best rating for this comparable week since 1991, and the best for any single week of the ratings season in more than six years. Most the key production states were at or around steady this week versus last, save for a couple of top-ten output states; MO lost 11% to 56% g/ex, while SD fell seven points on the week ending Sunday night, to 63% g/ex.