Early corn and spring wheat planting lightly miss expectation. April 10, 2023
Soybeans traded relatively stable in today's session. The trade wonders if USDA will lower old crop stocks tomorrow at 11 am Central to a number below the psychologically important 200 million bushel mark. The moderate temperature change on the extended forecast was supportive but Brazil is now priced more than $2 per bushel cheaper than us. Weekly US soybean planting estimates will start next Monday the 17th.
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