February 8, 2016
Grain Marketing Specialist
SDWG will be holding Winter Marketing Meetings featuring Jeff Hainline with Advanced Trading.
Feb 9th - 4pm at the WG Admin office in Aberdeen (Dinner to follow)
Feb 10th – 10:30am at Roosters in Redfield (Lunch to Follow), 4pm at Top Floor Events in Huron (Dinner to follow)
Feb 11th – 10:00 am at the Kennebec Agronomy Center (Lunch to Follow)
Contact your nearest Grain Marketing Specialist to RSVP or for any questions.
Monthly WASDE Report will be out tomorrow Tuesday, February 9th at 11am.
Corn: 2 lower
The corn market is lower in the overnight session as March continues its minor downward trend. Overnight volume was light as only 8,200 contracts were traded. Friday’s weak trade did break the support line at $3.65 in the March contract. The next support line is around $3.60 futures.
Soybeans: 2 lower
Soybeans are lower in the overnight. This is expected as China takes the week off to celebrate the Lunar New Year. March soybeans are testing support, and looks like it will continue its downward trend. Today’s trade is expected to be quiet.
Wheat: steady to 3 lower
Wheat is also lower this morning and expected to continue that trend based on a strong US dollar and tomorrow's WASDE Report.