Commodity Comments: 


The February report didn't leave us with much as far as surprises go today. 

An increase of 125 Million bushels in corn exports sure helped the US ending stocks be lowered.  The issue is the large number of ending stocks still remaining in corn, 2.352 Billion bushels to be exact.  The fall of the stock market this week had helped the funds come to life and switch their money into the commodities.         

The soybean report was bearish/neutral today.  Brazil increased their production 2MMT to 112 MMT.  The Argentins SB crop production was lowere 2 MMT while Brazil's crop increase by 2MMT.  Brazil continues to offer lower their beans into China at a discount to the US price.  

The wheat report was bearish.  The USDA Stock estimates were 21 mbu greater than the trade expected.  The Climate Prediction Center is estimating that LaNina could be  over with in April.    

As always, Thank You for your business and stay warm out there!


Tiffany Heier