Grain Express 9/7/22

Posted: Sept. 7, 2022, 9:12 a.m.

Fundamental Spotlight

Flash Sale Alert

Private exporters reported sales of 257,400 metric tons of corn for delivery to Mexico. Of the total, 226,920 metric tons is for delivery during the 2022/2023 marketing year and 30,480 metric tons is for delivery during the 2023/2024 marketing year.



Russian President, Vladimir Putin claims that the Russia and developing countries have been cheated by Ukrainian export deal, and that the terms should be reviewed and revised. This headline sent wheat futures sharply higher.


Crop Progress

For those still interested, the weekly Crop Progress report was out yesterday afternoon and showed corn good/excellent ratings at 54%, unchanged from last week. Beans were at 57% g/e, unchanged from last week.



IHS Markit, which is now a part of S&P Global, released their corn and bean estimates yesterday. They have the U.S. corn yield at 171.6 bushels per acre, putting production at 14.040 billion bushels. They have soybeans at 51.3 bushels per acre, with production at 4.471.

Tech Talk

Check out yesterday's Tech Talk to see the technicals we are watching for today's session


First Two Weeks Free!
In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express.
Sign up for a Free Trial

Don't have an account with Blue Line Futures?
If you have any questions about markets, trading, or opening an account please let us know! You can email us at [email protected] or call 312-278-0500.

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

Like this post? Share it below:

Back to Insights