Grain Marketing Specialist
Fall harvest is right around the corner! Contact your nearest Grain Marketing Specialist to discuss our different contracting options and grain programs.
Ethanol numbers out this A.M.
Corn Unchanged as of 7:45
December corn closed down 9 ½ cents Tuesday as traders still digest Mondays WASDE report. Crop Conditions late Monday put corn at 87% dented 33% mature and 5% harvest, mostly in the southern states. Continued moisture in parts of the Corn Belt could slow harvest giving corn some bullish momentum.
Beans Unchanged as of 7:45
November beans dropped 20 ¼ cents yesterday as the market still tries to come to terms with a record large soybean yield. Late Monday USDA reported in the Crop Conditions report that 26% of beans were dropping leaves and 73% of the crop is still good to excellent, unchanged from the previous week but also the second highest rating in many years.
Wheat Minneapolis Unchanged Kansas City Down 3 as of 7:45
The wheat market went along for the ride yesterday as December Minneapolis Spring wheat closed the day down 4 cents, and Kansas City December Winter Wheat closed down 8 cents. More in the way of bearish news yesterday as the Australian government raised their estimated wheat crop to 28.1 million metric ton, up 16% from last year.