This report is not likely to have any major changes compared to last months report.
The charts have been controlled by the bears since the August crop report.
We are a handful of days from the calendar rolling to September, and it feels as though the bears have overwhelming control.
This week’s Successful Marketing Newsletter answers the question.
The January Final Production report will surely be one for the history books.
This year has been unusual. The industry has been waiting for the release of the August USDA Supply and Demand report since late June.
Everyone is patiently waiting for the results of the acreage re-survey in the August 12 USDA report.
See the highly respected commentary and analysis of the corn and soybean market in this week's Successful Marketing Newsletter.
The charts now show signs that the bullish pop late last week and early on Sunday evening may have been a trap.
Cash basis levels are reaching or have already hit record-tight levels in many areas. This is a great sign for the bulls.