Store and Ship Receipts

 

 

Daily Comments

STATELINE COOPERATIVE’S MORNING COMMENTS 12/11/18

 

Corn: 

  • Corn a shade higher this morning as trade waits for USDA report out at 11 AM
  • Average trade guess for carryout at 1.738 billion bushels
  • Last month USDA pegged U.S. carryout at 1.736 billion.
  • World carryout expected to be at 307.59 MMT.
  • This vs. November at 307.51 MMT
  • Updated 6-10 day forecast calling for much above temps and dry.

Soybeans: 

  • Soybeans also higher with a positive USDA report to come out this morning.
  • S. carryout for soybeans pegged at 945 million bushels.
  • Last month carryout was pegged at 955 million.
  • World carryout expected to be 112.79 MMT.
  • This is slightly above last month's number of 112.08 MMT.