Grain Marketing Specialist
USDA WASDE Report out tomorrow at 11 A.M.
Corn Unchanged as of 6:30
December corn closed out the day yesterday down 2 ½ cents as the election today continues to unnerve investors. Scattered showers throughout the central and southern plains yesterday were seen, but weather looks to stay favorable for the tail-end of harvest. Mondays Crop Progress report put US corn at 86% harvested up 11% from last weeks 75% completed
Beans Up 8 as of 6:30
January soybeans closed the day yesterday 7 ¾ cents higher. New sales announcements and excellent inspections helped beans yesterday. Export inspections for beans were very impressive this week at 2.6 million tons, the 3rd best inspection number of the year. Mondays USDA Crop Progress Report put beans harvested at 93%.
Wheat Minneapolis & Kansas City Up 1 as of 6:30
December Minneapolis Spring Wheat closed the day Monday down 3 ¾ cents and December Kansas City Winter wheat closed the day down1 ½ cents. Wednesday WASDE report is not expected to show many changes in the US ending wheat stocks but the world production number could be reduced with smaller crop estimates in India, Canada, and Australia, overall there is still plenty of wheat in the world and not a lot of buying interest. Yesterday Crop Progress report put Winter Wheat planted at 91$ and at 58% good to excellent.