March 12, 2018
Morning Market Insight
Grain Marketing Specialist
CORN: As of 7:45 – Down 1 1/2
Corn a little weaker on the overnight. Argentina guess on production is at about 32 mmt to 34 mmt. USDA had reported 36mmt as there estimate. U.S. corn exports sales of 98.6 mbu for the wee end March 8 were a marketing year high and up 41% vs. the 4 week average. Below is a chart for this weaks corn market movement.
SOYBEANS: As of 7:45 – Up 4 3/4
Soybeans ended the overnight about a nickel higher. Soymeal also seeing a slight uptick in the overnight. Rain is expected across Argentina this weekend. Will China use soybeans as their tool to fight back against the US? Brazil nationwide soybean harvest is about 48% complete. Below is a chart for this weeks soybean market movement.
WHEAT: As of 7:45 - Down 3 3/4
Wheat a little weaker on the overnight. The driest parts of OK and KS haven't seen much precipitation in the past 6 months and are in need of moisture soon. Below is a chart for this weaks spring wheat market movement.
The information contained above was taken from sources which Agtegra believes to be reliable, but is not guaranteed by Agtegra 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.