Tomorrow's World Agricultural Supply and Demand Estimates report isn't expected to be a big report, with typically few changes. There will likely be some rejigging of demand, Knorr says. Look for no big changes in corn, but perhaps more ethanol usage. For soybeans and wheat, Knorr doesn't expect changes. The big numbers could come from South America.
Soybean prices are pressured today by weather in Argentina and weakness in the vegetable oil market.
Winter wheat is setting new contract lows and momentum indicators are setting new lows, too.