Grain Express | 6.30.22
Posted: June 30, 2022, 8 a.m.
Weekly Export Sales Snapshot
Corn: Net sales of 88,800 MT for 2021/2022--a marketing-year low--were down 87 percent from the previous week and 72 percent from the prior 4-week average.
Net sales of 119,300 MT for 2022/2023 were reported
Soybeans: Net sales reductions of 120,200 MT for 2021/2022--a marketing-year low--were down noticeably from the previous week and from the prior 4-week average.
Net sales of 127,600 MT for 2022/2023
Wheat: Net sales of 496,700 metric tons (MT) for 2022/2023
Check out yesterday's Tech Talk for the technical levels to watch!
USDA Report Estimates
Planted Acres (millions of acres)
Corn: 89.861
Soybeans: 90.446
Wheat: 47.017
Cotton: 12.3
US Grains Stocks as of June 1 (billion bushels)
Corn: 4.345
Soybeans: .954
Wheat: .655
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Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Grains
Soybeans
Corn
Wheat
Futures trading involves a substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
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