8-5-16
Brad Olson
Grain Marketing Specialist

 


Corn: As of 7:45- 1 higher

Despite the announcement of a 129,000 mt sale yesterday corn settled on its low, 4c lower. Weekly export sales and ideas of increasing production ideas weighed heavy. WASDE report out in a week. Thoughts that exports could shrink and production grow. Not a good combination if realized. Harvest beginning in the south.


Soybeans: As of 7:45- 10 higher

Positive export ideas and the announcement of yet another sale of 252,000 mt again yesterday helped support soybeans. This I believe is 7 straight sessions this has happened. Exports likely be adjusted higher next Friday. Adequate moisture forecasted but also hot temps…

Wheat: As of 7:45- steady to 1 higher


Lighter sales export sales, just below the ave. needed to maintain pace, along with harvest pressure kept a lid on things yesterday. Overnight it appears it appears concerns over French production is adding support. The complex is mixed to slightly higher.