Shawn McCambridge
Shawn McCambridge
lower quarter
This indicates lower use for the first quarter of this year.
fixated market production weather
The market is pretty well fixated on the weather and production implications.
across added continues improved plains several soft soil support weeks wheat
We really don't have the fundamental support that we had several weeks ago, (as) added moisture continues to come across the Plains states, and even in the Midwest. Soil moisture has improved dramatically for the soft wheat crop.
adjustment bit chinese ending far figure generate increase lower numbers opened report stocks surprise though
We opened lower ... on the increase in the ending stocks figure in the U.S. and the increase in the world ending stocks. We digested that report and really didn't generate much as far as any follow-through trade. The world ending stocks were a little bit of a surprise being up that sharply, though an adjustment to the Brazilian numbers and then also an increase in Chinese production.