Amid trade wars between the U.S. and China, corn stocks remain steady. Experts see a favorable market for corn in the coming days.
USDA remained confident with last month's quarterly grain stocks on a positive note. However, last week was different with soybeans and corn on a low.
With the weather being friendly, reports of US Quarterly Grain Stocks look promising. Corn and soybeans are pushing for hopeful prices and a bullish market.
Despite weather conditions turning good, grains like corn and wheat dropped last week while soybean prices roughly increased.
Corn shook up the agricultural stock market, ending with a massive close at 175 million bushels for exports and 2.127 billion bushels for ethanol.
The weather influences the fate of agriculture across America. While others remain barren, the continuous blizzard weighs down the Northern plains.
The grain inventory remains positive with corn production racing against soybeans. With La Niña talks, planting delays could lead to less grain production.
Despite falling short in soybean production, U.S. imports were backed by Argentina. But China stirs an anti-dumping investigation on U.S. grain market.
US soybeans production struggle to keep up with inventories. Despite a drop in numbers, Brazilian and Argentinian production keep soybeans fear at bay.
Poor weather conditions are hampering grains productions across Brazil and Argentina, threating a lower global production.