December 16, 2015
Drew Johnson
Grain Marketing Specialist

Traders move to the sidelines today and wait for the Federal Reserve to announce if they will raise interest rates. This will be at 1pm CDT.

Corn: steady

Lack of news keeps corn range bound between $3.70 and $3.80 March futures. Weekly ethanol numbers will be out at 9:30 am.

Soybeans: steady

USDA announced, yesterday, 4.4 million bushels of soybeans sold to China. South American weather remains rainy and warm. NOPA used 156.1 million bushels of soybeans last month. This was below expectations. Support is at $8.63 Jan futures.

Wheat: steady

Lack of demand news, and hope that the dollar will ease if interest rate is raised keeps wheat steady this morning. Precipitation moving across the Plains this week. 6 to 10 day forecasts continue to show above normal temps and precipitation.