Will heavy carryout keep a lid on grain prices? – This week in the grain markets

by

Opinion

Grain markets ended the week mostly in the green, thanks to a somewhat bullish U.S. quarterly stocks report, an expansion of the ethanol mandate and some challenging harvest weather. On Monday, the USDA served up its report for grain inventories in the U.S. as of September 1st, 2019.  Going into the report, the market was fairly bearish, given slow farmer sales and a reduction in U.S. corn and soybean exports. Accordingly, the USDA ended up providing some bullish support to grain markets as both corn and soybean inventories as of September 1st came in below pre-report expectations. On the flip…

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