January 14th, 2015
Drew Johnson
Grain Marketing Specialist

Reminder! Wheat Growers Annual Meeting will be held, today, at the Best Western Ramkota in Aberdeen. Registration begins at 9:15am. Hope to see you there.

Corn
As of 8:00am 6 lower

Corn continues to slip after yesterday’s reversal. Crude Oil prices keep dropping and that is spilling over into the other commodity markets. Ethanol margins are around the worst they’ve been in the past two years as DDG’s and ethanol prices continue to slip. The only bright side, we did see some export business this morning, as South Korea bought 2 million bushels of US corn.


Soybeans
As of 8:00am 6 lower

The US carryout and copious amounts of acres possibly being planted this spring, coupled with decent rains and good crops in South America will continue to pressure this market.


Wheat
As of 8:00am 4 - 5 lower

Wheat is lower today after breaking chart support yesterday. Lack of news about weather and demand will continue to keep pressure on the wheat market.