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USDA Report to be Released this Morning

Markets continued to weaken overnight with grains, stocks and crude all under pressure.

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Markets continued to weaken overnight with grains, stocks and crude all under pressure.

In grains, prices continued to be pressured following Monday’s setback as traders await fresh data from USDA in their monthly Supply and Demand report. The report will be released at 11 am CDT today, and below are the expectations going into the report.

US Ending Stocks (in million bushels)

Expected Range USDA Jan

Corn 1,809 1,752-1,852 1,802

Soybeans 445 425-470 440

Wheat 947 937-975 941

World Stocks (in million metric tons)

Expected Range USDA Jan

Corn 208.25 203.5-210.0 208.94

Soybeans 78.97 76.36-81.0 79.28

Wheat 231.48 229.66-233.0 232.04

Tunisia's state grains agency has issued an international tender to purchase 67,000 MT of soft milling wheat. China is on Lunar Holiday this week and will be absent from the market.

In outside markets, stock equity futures were close to another 1% loss to start the day. Tokyo shares fell sharply in Tuesday trading, following tumbling markets across Europe and the US. The Nikkei 225 closed down 5.4% or 918.86 points at 16,085.44. It was its worst one-day fall since mid-2013.

The risk of trading futures, hedging, and speculating can be substantial. Grain Hedge is a dba of Foremost Trading LLC (NFA ID: 0307930)

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