🎓 Check out our latest educational videos here !
📈 Check out our S&P and Nasdaq levels as well as probable ranges across all commodities here !
🌽 You can trade everything from the S&P 500 index and Nasdaq 100 to Crude Oil, Gold, Corn, Soybeans and more!

Grain Express 4/11/23

Posted: April 11, 2023, 7:10 a.m.

Export Inspections

Yesterday's weekly export inspections were in line with expectations.

  • Corn: 31,698,015 bushels
  • Soybeans: 24,602,332 bushels
  • Wheat:  12,325,453 bushels

Crop Progress

  • Good/Excellent ratings for winter wheat were reported at 27%, a record low for this time of year. Poor/Very Poor ratings were reported for 37% of the crop, the second worst on record, only 1996 was worse, coming in at 41% Poor/Very Poor. 
  • 3% of the U.S. corn crop is planted, up 1% from last week.  

WASDE Report

Today's USDA/WASDE report will be out at 11am CT. Below are the estimates for US Ending Stocks (in billions of bushels).

  • Corn: 1.319
  • Soybeans: .198
  • Wheat: .574

South American Production Estimates

  • Argentina Corn: 37.12, down from 40.0 in March
  • Argentina Soybeans: 29.30, down from 33.0 in March
  • Brazil Corn: 126.08, Up from 125.0 in March
  • Brazil Soybeans: 153.64, up from 153.0 in March 

 

Outside Markets

  • Equity markets are firm in the early morning trade, crude oil is trading near unchanged at $79.66, and the US Dollar is little changed at 101.75.

Corn

Seasonal Trend in Play

  • The next corn seasonal starts on April 30th and is for the September contract. 

Technicals Premium

🔒 You need to be a Premium User to unlock this content. Click here to unlock.

Levels Premium

🔒 You need to be a Premium User to unlock this content. Click here to unlock.


Soybeans 

Seasonal Trend in Play

  • July soybeans have trended higher from March 19th-April 30th for 13 of the last 15 years.  
  • May soybean futures have trended higher from April 7th to April 21st for 12 of the last 15 years.

Technicals Premium

🔒 You need to be a Premium User to unlock this content. Click here to unlock.

Levels Premium

🔒 You need to be a Premium User to unlock this content. Click here to unlock.


Wheat

Seasonal Trend in Play

  • None

 

 

Technicals Premium

🔒 You need to be a Premium User to unlock this content. Click here to unlock.

Levels Premium

🔒 You need to be a Premium User to unlock this content. Click here to unlock.


Get our FULL technical and fundamental commentary! 

https://www.bluelinefutures.com/free-trial

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
Start Trading with Blue Line Futures
Don't have an account with Blue Line Futures?
🇺🇸
Open an Account from the
U.S.
🇬🇧 / 🇪🇺
Open an Account from the
U.K. and Europe
🇨🇦
Open an Account from
Canada
🌏
Open an Account from
Anywhere not mentioned
If you have any questions about markets, trading, or opening an account please let us know! You can email us at info@BlueLineFutures.com or call 312-278-0500.

Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. 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.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500

Grains Soybeans Corn Wheat

Like this post? Share it below:

Twitter
Reddit
Email
Whatsapp

Back to Insights
Tags
Morning Express
Grain Express
Breakfast Report
Livestock Roundup
FX Rundown
Bond Breakdown
Follow our Social Media!