January 5, 2015
Producer Marketing Manager
CORN: As of 7:45 – Up 6
Rebounding this morning after the weakness we experience before and after the new year……technical buying? March corn is currently back above the $4 mark.
SOYBEANS: As of 7:45 – Up 11
Higher this morning as well. Export inspections will be released at 10 this morning. Above-average rain occurs from central - northern Argentina through Paraguay & southern Brazil next 10 days as cool fronts sweep north & trigger heavy thunderstorms, keeping parts of the region wetter than ideal. Northern Brazil looks a little dry over the next 10 days.
WHEAT: As of 7:45 – MPLS and KC Up 10
See corn…..Cold temps across much of the nation’s interior has some chatter going on winterkill of the HRW crop. We are seeing single digit readings all the way down to the KS/OK border this morning.