Morning Comments March 28, 2018

Wednesday, March 28, 2018, 8:03 AM
Submitted by: Landus Cooperative

Opening Calls:

Corn Steady to 1 cent lower

Beans 2 to 3 cents lower


The markets will be closed this Friday to observe Good Friday. Normal trading hours tomorrow and trading will start back up Sunday night. 


Today we  will see the release of the EIA weekly ethanol production and stocks reports. The trade is expecting weekly production to come in unchanged from last week in the 307 to 312 million gallon range.  The USDA will release the quarterly Grain Stocks Report and Prospective Planting Reports tomorrow at 11 AM. The average trade estimate for the March 1st U.S. corn stocks is 8.703 billion bushels with a range of estimates that runs from 8.550 to 8.881 billion bushels. That is versus 8.622 billion bushels last year. The biggest piece of uncertainty is what feed usage has been/will be. There is also some uncertainty in the market with the fear of a trade war with China. 


The average trade estimate of March 1st U.S. soybean stocks is 2.030 billion bushels with a range of estimates that runs from 1.810 to 2.110 billion bushels. The dollar index closed higher yesterday and is trading higher today as well. Crude oil is currently trading lower this morning. 


Offers are a great way to manage uncertainty and volatility associated with USDA reports. If you have some price levels in mind that you’d like to sell, please contact your local GMA to discuss how an offer can best serve you.


This Thursday is also the deadline to enroll in the Merchant’s Plus program. We have 3 different pools of new crop to choose from: 2 options with INTL FCStone and one with Roach Ag. Please contact a Grain Marketing Advisor or call 877-778-2226 for more details.


Have a great day!



« Back

© 2019 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon