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Wednesday, May 22, 2024

Key crop report to come out Wednesday

An already interesting grain market is expected to take a few more turns this week as the Quarterly Grain Stocks report comes out.

The report arrives at 11 a.m. Wednesday. It is essentially a physical inventory of grain, from the government’s viewpoint.

While the quarterly report has a history of having a significant impact on grain markets, this year things are magnified, according to Dan Uttech, a grain market analyst for New Vision Co-op, which has multiple grain elevators in the region, including Windom and Mt. Lake. Currently, corn prices are above $5 and soybean prices are above $13.

For more on this story, see the March 31 Cottonwood County Citizen and Citizen eEdition.

Watch www.windomnews.com for regular weekday updates at 8 a.m./noon/5 p.m., plus BREAKING stories at other times during the day and on weekends. Follow CoCoCitizen @CitPub on Twitter.

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