February 11, 2016
Grain Marketing Specialist
SDWG will be holding Winter Marketing Meetings featuring Jeff Hainline with Advanced Trading.
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.
Corn continues to hold support around $3.60 Mar futures following Tuesday’s bearish report, and looks to continue its sideways trend. Export sales reported this morning were at 13.6 million bushels for the 2015-2016 marketing year. Total sales for the year were at 969.7 million bushels, versus last year’s 1.3 billion bushels for the same week. Any gains in the corn complex will depend on outside financial markets, and South American weather.
Export sales, this morning, came in at 22.1 million bushels for the 2015-2016 marketing year. They were up from the previous week and 1 percent from the prior 4-week average. Total sales were at 1.57 billion bushels. This is behind last year’s 1.69 billion bushels for the same week. Soybeans look to continue their sideways trek. Support is still around $8.60 Mar futures.
Wheat: 1 - 3 higher
Wheat also seeing moderate gains this morning, most likely short coverings by non-commercials. Export sales, reported this morning, were at 11 million bushels. Total sales for the year were at 626.1 million bushels. This is behind last year’s 762.2 million bushels for the same week.