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.
Export sales out this morning.
Corn Unchanged as of 7:45
December corn closed the day up 1 ¾ cents yesterday. The corn market was flat yesterday as traders are still stumped by a 15 billion bushel projected crop. Ethanol production numbers helped to add support to the market. Production increased from 998,000 barrels per day to 1,004,000 barrels per day which is 46,000 barrels per day higher than last year at this time.
Beans Up 5 as of 7:45
November soybeans were down for the third day in a row, down 1 ¼ cents. The record yield number from Mondays WASDE report of 50.6 bushels per acre is still putting bearish pressure on the bean market. However demand still seems to be there for the bean market, it may just take some time for bean demand to put a real dent into the projected production.
Wheat Minneapolis Up 3 Kansas City Up 1 as of 7:45
December Minneapolis Spring Wheat closed around unchanged yesterday, and Kansas City December Winter Wheat closed up 2 ½ cents. A weaker dollar yesterday helped to add some support to the wheat market. Export sales of wheat are expected to stay bullish looking forward.