Shocking decline in bean ending stocks due to production drop. Corn
looks supportive but I bet the trade fades the rally over 600. Wheat is
neutral to slightly supported. I am looking for wheat to gain against corn on
the day.
World numbers were neutral for wheat and corn with chinese production 2MMT higher! World beans flat on higher arg production.
Calls are beans +30, corn +10 (I want to sell it) and wheat +10+15 on sympathy and spread reversals.—Matt Pierce
