August 18, 2016
Grain Marketing Specialist
Stop by our booth for the last day of Dakotafest in Mitchell today.
Corn: Down 1
EIA report out yesterday pegged production at levels that tied the record high set four weeks ago at 1.029 mil/bpd vs last week at 1.018 mil/bpd. Export Sales out this morning was below expectations of 10 to 18 Mbu at 6.6 Mbu.
Soybeans: Down 10
USDA announced another sale of 381,000 MT’s of soybeans sold to China for 16/17 yesterday morning. The 5-day forecast has light rains covering the most of the Midwest and heavy rains for the deep south. The 6-10 day is cool and wet especially for the Western corn belt.
Wheat: MW Up 1, KC Down 1
Spring wheat harvest in the northern half of MN and ND is slowly grinding along as farmers try to make the most of any decent weather they get between rain showers.