Grain Marketing Specialist
Happy Veterans Day to all who have served, Thank you for your service!
Corn Down 2 as of 7:45
December corn closed the day out Thursday up 2 ¾ cents, still struggling after USDA’S WASDE report Wednesday. Export sales and shipments for the week totaled 48.6 million and 35.1 million bushels. Not a bad export number as corn exports remain up 82% from a year ago.
Beans Up 11 as of 7:45
January beans ended the day up 7 cents after trading to up 28 cents at one point during night trade. Last weeks export sales and shipments totaled 36.8 million bushels and 102.6 million bushels, putting exports up 20% from a year ago. Soybean futures were supported solely by global vegetable oil markets this week.
Wheat Minneapolis Unchanged Kansas City Up 3 as of 7:45
December Minneapolis spring wheat closed out the day up ½ cent while Kansas City Winter Wheat closed down 1 ½ cents. Export sales for the week totaled 28.3 million and 14.0 million bushels, which leaves wheat exports up 29% from last year. Rain continues to move through eastern Australia reports there say too much moisture is beginning to hurt the crop.