Market Commentary
USDA flash: US Wheat 24/25 Carryout is projected at 812 million bushels vs expectations for 820 MB (slightly bullish). US Corn 24/25 Carryout comes in at 1.999 billion bushels vs expectations for 1.960 BB (slightly bearish). US 24 Corn Production is pegged at 15.203 billion bushels vs 15.160 expected (bearish). World Wheat 24/25 Carryout comes in at 257.72 MMT vs 256.10 MMT expected (bearish). Wheat futures are 3 to 5 cents lower, corn and soybeans mostly unchanged. Have a great weekend!