From: Terry Reilly
Sent: Friday, June 29, 2018 11:19:51 AM (UTC-06:00) Central Time (US & Canada)
Subject: FI snapshot for the USDA reports

PDF’s attached include USDA’s full reports


We don’t see any strong indications to be buying futures for all-wheat agriculture markets based on the latest USDA reports.  Corn, wheat, and minor feedgrain plantings came in above trade expatiations and soybeans were 134,000 acres below. 


June 1 corn stocks of 5.306 billion bushels were 38 million above trade expectations, soybeans of 1.222 only 3 million below and all-wheat stocks of 1.100 billion were 9 million above an average trade guess. There were minor, non-factor, revisions to March 1 stocks.


Soybean plantings were revised 575,000 acres higher to 89.557 million, only 134,000 below a average trade guess.

US corn plantings of 89.128 million came in 566,000 acres above a trade guess and are up 1.102 million acres from March Intentions.

All-wheat plantings of 47.821 million are 719,000 acres above an average trade guess and 482,000 above March. The largest increase came from spring wheat, 575,000 above March and 771,000 acres above the trade estimate. Durum acres came in 143,000 acres below the trade and winter wheat was revised higher by 23,000 acres.



Terry Reilly

Senior Commodity Analyst – Grain and Oilseeds

Futures International │190 S LaSalle St., Suite 410│Chicago, IL  60603

W: 312.604.1366

AIM: fi_treilly

ICE IM:  treilly1

Skype: fi.treilly


Description: Description: Description: Description: FImail


Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons.  All of these investment products are leveraged, and you can lose more than your initial deposit.  Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction.  The information provided here should not be relied upon as a substitute for independent research before making your investment decisions.  Futures International, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs.  All investors should obtain advice based on their unique situation before making any investment decision.  The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative.  The sources for the information and any opinions in this communication are believed to be reliable, but Futures International, LLC does not warrant or guarantee the accuracy of such information or opinions.  Futures International, LLC and its principals and employees may take positions different from any positions described in this communication.  Past results are not necessarily indicative of future results.