November 30th, 2015
Grain Marketing Specialist
Speak with your nearest Grain Marketing Specialist about our new Winter Market Base Builder Program. Export inspections out this morning at 10:30.
Corn- Unchanged as of 7:45
U.S. ethanol production was at an all-time high last week with production of 1,008,000 barrels per day. This is the first time ever for production over a million barrels. Export sales in corn were huge last week as well at 2,036,323 tons. Even with pre announce sales to Mexico of nearly a million tons.
Soybeans- UP 2 as of 7:45
U.S. soybean export sales for 15/16 for the week end Nov. 19 were 43.1 mbu. That’s down 35% from the previous week and 18% from the prior 4-week average.Brazil soybean planting is pegged at about 81% complete, while Brazil farmers are said to have sold 44% of their crop vs. 26% last year. Areas of heavy rain over the last several days expectedly affected Argentina, southern Brazil, and Paraguay, ultimately keeping much of these areas wetter than normal since Nov. 1st.
Wheat- Minneapolis UP 2 Kansas City UP 3 as of 7:45
March Chicago wheat closed lower Friday, hurt by pressure from the rising U.S. dollar and a lack of bullish argument to inspire buying in this quieter time of year.
March Chicago wheat was lower early Monday, pressured by news from the CBOT that 2,343 contracts of December Chicago wheat and 198 contracts of December K.C. wheat were given notice for delivery early Monday. USDA Crop Progress Report out today is projected to put Winter Wheat emergenceat 94-96%, right on track with the 95% average.