Grain Express

Posted: Sept. 9, 2021, 2:40 p.m.

Corn (December)
 
Fundamentals:
Corn futures are continuing their slide lower in the early morning trade as thoughts that the crop is growing (in acres and potentially bushels) has spurred long liquidation from Funds. CONAB estimates the Brazilian corn crop will come in at 85.749, down from their previous estimate of 86.650mmt. Due to Monday’s holiday, export sales have been pushed back to tomorrow. Also tomorrow is the WASDE/Crop Production report, out at 11:00 AM CT. The average analyst estimate for yield is 175.8 bushels per acre. The average analyst estimate for harvested acres is 85.1 million and the average estimate for production is 14.942 billion bushels.

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Corn (December)
 
Fundamentals:
Corn futures are continuing their slide lower in the early morning trade as thoughts that the crop is growing (in acres and potentially bushels) has spurred long liquidation from Funds. CONAB estimates the Brazilian corn crop will come in at 85.749, down from their previous estimate of 86.650mmt. Due to Monday’s holiday, export sales have been pushed back to tomorrow. Also tomorrow is the WASDE/Crop Production report, out at 11:00 AM CT. The average analyst estimate for yield is 175.8 bushels per acre. The average analyst estimate for harvested acres is 85.1 million and the average estimate for production is 14.942 billion bushels.

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Wheat (December)

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