Corn $4.3660 down 5.60 cents, CME Sept. wheat 587'2 down 6'4.
From Agrimoney:
What will key US data show? History gives some guidance...
If ever there is a time to expect volatility in commodity prices, it is one of the days, four a year, that the US unveils estimates for its grains stocks.These inventory reports have a habit of producing surprises. And these in turn have a tendency to feed swings in grain and soybean prices.The stocks report that the US Department of Agriculture produces on Monday has the extra kicker of being accompanied by revised estimates for sowings too.That is not straightforward either, with persistent rains in the north west Corn Belt and the northern Plains provoking late doubts over planting estimates.These are only being enhanced by a debate over whether the land will be counted as unplanted, or abandoned - meaning it was lost after seeding, and will be accounted for in a separate line of the balance sheet.'Provided the surprises'Still, it is the stocks report which is being anticipated with most concern....MORE
Here's corn via FinViz:
