Morning Market Insight
Grain Marketing Specialist
Corn as of 7:45- Down 3
December 2014 corn futures closed at $3.81 ¾ on Friday, which is up $0.61 or 19.0% compared to Sept. 30. U.S. corn harvest estimated at 85-90% as of Nov. 16 vs. the 5-year avg. of approximately 88%.Export Inspections released at 10 AM!!
Beans as of 7:45- Unchanged
January 2015 soybean futures closed at $10.22 ½ on Friday, which is up $1.01 ¼ or 11.0% compared to Sept. 30. NOPA October crush to be reported this morning. Feed demand for meal remains strong. Brazil weather is looking favorable.
Wheat as if 7:45-MW unchanged KC Up 1
Patchy winter kill is possible today for wheat across the Central/Northern Plains as minimum temperatures fall to around zero in snow-free areas of Colorado-Kansas and north. Still have Australian production and weather to watch.