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Key Discussion Points:
Corn, Soybean, and Wheat Stocks:
The trade anticipates a slight decrease in corn stocks, while our estimates align with the USDA's unchanged figures.
Soybean ending stocks are projected to rise, with questions surrounding export sales and crush numbers.
Wheat numbers are not expected to see significant movement in this report, with more attention on South American production.
South American Crop Production:
Argentina's recent weather patterns suggest a possible increase in production numbers, though the USDA may keep them unchanged.
Brazil's corn production is a mixed bag, with the first crop potentially being reduced, but the second crop is still in the planting phase, so yield predictions are premature.
Brazilian soybean production is expected to drop from 157 to around 153 million tons.
Market Reactions and Strategies:
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Voted “Best under 40” for McHenry County, Earned the “Emerging Leadership” award from Lincoln College. I have been on “This week in Agribusiness”, RFD TV, Rural Radio, AgriTalk, All Ag All Day, KBUF Morning Show, and several other TV and radio programs.
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