Wake Up Call Allendale Advisory Center: Grain markets are slightly lower, trading in a narrow range ahead of USDA’s Quarterly Stocks report. The US Dollar is higher and crude oil lower. Stock indices slide on Deutsche Bank woes.
Quarterly Stocks Report will be released at 11:00 am CT today. Trade average estimate for September 1 corn stocks is 1.754 billion bushel, soybean stocks of .201 billion bushel and wheat 2.402 billion bushel. The USDA will also provide an estimate for the 2015 soybean production which could be the wild card in the data.