Grain

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Morning Market Insight

Morning Market Insight

October 31, 2014
Travis Antonsen
Producer Marketing Manager

Reminder……Daylight Savings Time ends this weekend with clocks setting back an hour on Saturday night/Sunday Morning.

CORN: As of 7:45 – Down 2
Settled lower on the day after touching the $3.81 mark on the Dec contract. In light of the soy complex trading lower yesterday, corn managed to trade both sides of unchanged.  Harvest rolls on....

SOYBEANS: As of 7:45 – Down 4
Lower with the meal market yesterday. Lack of additional Chinese bookings, improved planting conditions in S.A. and rumors of Argentine meal being bought into the east coast kept the bulls at bay. Below is the Dec Meal chart and it’s wild trade this week.

WHEAT: As of 7:45 – Down 5
Stronger US $ is putting some pressure on wheat values and its competitiveness in the export market.  
 

The information contained above was taken from sources which Wheat Growers believe to be reliable, but is not guaranteed by Wheat Growers as to accuracy or completeness and is made available for information purposes only. There is a risk of loss when trading commodity futures and options.