Oil and Grains Report


Oil & Grains- The outlook for grain supplies and prices improved with the recent updated USDA acreage forecasts.  The corn and wheat markets are being pressured downward. 

 

Market Trend

Supplies

Price vs. Last Year

Soybeans

Increasing

Good

Lower

Crude Soybean Oil

Decreasing

Good

Lower

Soymeal

Decreasing

Good

Lower

Corn

Decreasing

Good

Lower

Crude Corn Oil

Decreasing

Good

Lower

Distillers Grain, Dry

Decreasing

Good

Lower

Crude Palm Oil

Decreasing

Good

Lower

Hard Red Winter Wheat

Decreasing

Good

Lower

Dark Northern Spring Wheat

Decreasing

Good

Lower

Canola Seed

Decreasing

Good

Lower

Canola Oil

Decreasing

Good

Lower