Grain Marketing Specialist
Wheat Growers would like to wish everyone a very Merry Christmas!
Trading Hours for today- CBOT will close at 12:05 pm and MGEX will close at 12:15 pm CST. Normal trading hours will resume Sunday night
Corn: As of 7:45- unchanged
A thin Holiday trade yesterday led to just over a 3c trading range. I wouldn’t expect much different today. Export sales this morning at 803.6 exceeding expectations of 500-700.
Soybeans: As of 7:45- 2 higher
Improving weather in SA helped fuel a softer day yesterday. Export sales this morning a stout 2070 for 15/16 and 100 for 16/17, soyoil at 39.8 and meal at 252.5.
Wheat: As of 7:45- unchanged
Egypt’s GASC bought 120,000 MT of wheat from Argentina. This had many wondering if this isn’t a sign of things to come with lower export taxes as this is the first trade between these two parties this fiscal year. Export sales at 370.3 right in the middle of expectations of 350-450.