Quarterly stocks report

Corn and soybeans finished slightly mixed yesterday as we go into the Quarterly stocks report today. Estimates are in line with the September WASDE carry in numbers at 1.51 billion bushels of corn and 242 million bushels of soybeans. If we see these numbers printed, we expect some post-report pressure, and the weekly lows are in jeopardy. On the other hand, we think the numbers will have to be way lower than expected to get a big bullish reaction in the face of a big harvest push. For today we are watching 6.65& 13.92 for support and 6.88 & 14.33 for resistance until we see the report at 11 AM central. NFC Grain Comments Options -9.30.22