12/28/15

Morning Market Insight 

Cutter Murray
Grain Marketing Specialist


Corn as of 7:45: Unchanged 

U.S. 2015/16 corn reported under loan as of December 24 was 529.2 mbu. This is up 143.2 mbu or 37% from the 386.0 mbu of 2014/15 corn reported under loan at this time last year. March 2016 corn futures closed at $3.64 ½ on Thursday with the lowest settlement price for the life of the contract. Export Inspections released at 10 AM CST; Corn, 39.3 needed; 28.3 last week; Sorghum, 5.2 needed; 11.2 last week.


Beans as of 7:45: Down 4 

U.S. 2015/16 soybeans reported under loan as of December 24 was 98.0 mbu. This is up 35.2 mbu or 56%from the 62.7 mbu of 2014/15 soybeans reported under loan at this time last year. November 2016 soybean futures closed at $8.90 Thursday one year ago the November 2015 futures settled at $10.14 ¼. Export Inspections released at 10 AM CST; Soybeans, 22.5 needed; 53.8 last week

Wheat as of 7:45: MN Up 3 KC Up 2
U.S. 2015/16 wheat reported under loan as of December 24 was 57.2 mbu. This is up 27.6 mbu or 93% from the 29.6 mbu of 2014/15 wheat reported under loan at this time last year. Export Inspections released at 10 AM CST; Wheat, 16.5 needed; 17.8 last week