December 22, 2014
Grain Marketing Specialist
Holiday Trading hours: Close at noon on Dec 24th, Closed all day Dec 25th. Open again at 8:30 am on Dec 26th.
Corn: Unchanged to 1 lower
Corn modestly lower this morning as we start to slip into holiday trading. Corn is still within its trading range, and looking at the March chart we are at the upper end of the trend.
Soybeans: 3 lower
Soybeans lower this morning on pressure from South American. It seems the crop is doing well and decent precipitation has presented itself.
Wheat: 5 higher
Wheat continues to be a bright spot in the markets. Reports are, Russia is now going to put tariffs on grain exports. This is only seen as positive news to US wheat, but time will tell if exports will pick up.