Market Update: Continued Momentum in the Grain Trade

March 8th, 2021

Jeff Peterson of Heartland Farm Partners shares an update on the latest market activity.

In the grain trade, there may be momentum from the reflation trade, but all eyes are still waiting for the data coming out on Tuesday from the WASDE report.

Most analysts pre-report are expecting all grains ending stockpiles to shrink. Soybeans of course have the smallest reserve with the average analyst estimate at 117 million bushels. Down another 3 million bushels from last month.

Corn takes the biggest drop though in the analysts estimates down 101 million bushels month to month to 1.46 billion.

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