Morning Market Insight
Grain Marketing Specialist
Markets will be open regular hours today and closed tomorrow.
Thank you for your business in 2015! We look forward to serving you in 2016 and beyond!
Corn as of 7:45-Down 1
Nothing new to move the corn market out of the current trading range. USDA report in two weeks, Argentina export tax, US Dollar to high. Weekly export sales of 705,200 MT. Estimates 600,000-800,000 MT.
Beans as of 7:45- Down2
Weekly export sales of 478,800 MT. Estimates of 1,000,000-1,400,000 MT. Weather patterns in South America should remain mostly favorable into early next week.
Wheat as of 7:45: MN Up 2 KC Up 3
Weekend storms brought heavy flooding in parts of the Midwest which potentially threatened the SRW crop. Fundamental nothing new. Ukraine experiencing severe cold temperatures that could potentially damage the wheat crop in the coming days.