Grain Express 6/01/22
Posted: June 1, 2022, 8:13 a.m.
Corn (July)
Fundamentals: Yesterday’s weekly Crop Progress report showed the U.S. corn crop is 86% planted, in line with estimates and just 1% behind the average pace. The big laggard is North Dakota, where just 56% of the crop is planted. Last year at this time they were 92% planted. 61% of the U.S. crop is emerged. Weekly export inspections came in at 1,390,851. This compares to 1,752,461 last week and 2,104,363 last year.
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 (July)
Fundamentals: Yesterday’s weekly crop progress report showed the U.S. soybean crop is 66% planted, in line with estimates and just 1% behind the average pace. As with corn, the big laggard is North Dakota, where just 23% of the crop is planted, well below last year’s pace of 86% at this time. 33% of the U.S. crop is emerged. Weekly export inspections came in at 378,262 metric tons, below the 581,067 we saw last week.
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 (July)
Fundamentals:Yesterday’s weekly crop progress report showed the U.S. spring wheat crop is 73% planted, 6% more than estimates, but still 19% behind the average pace. 42% of the crop is emerged. Good/Excellent conditions for winter wheat are at 29%, in line with estimates and 1% better than last week.
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.
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?
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
Like this post? Share it below:
Back to Insights
In case you haven't already, you can sign up for a complimentary 2-week trial of our complete research packet, Blue Line Express.
Free Trial