December 5, 2016
Travis Antonsen
Producer Marketing Manager

Patron Meetings are going on today, tomorrow, and Wednesday. Click here to find the time and place for your WG location’s meeting.

CORN: As of 7:45 – Up 1-2
Overnight the corn market built on Friday’s gains and is just shy of the $3.50 mark on the March contract. Looks to be a fair amount of congestion in this area with the 20, 50, and 100 day moving averages all between $3.50 and $3.54.

SOYBEANS: As of 7:45 – Up 14
A surge back to the upside was the feature in soybeans last night despite decent precip in South America over the weekend. It looks to be led by a $5/ton gain in the soybean meal market. The 6-10 day forecast for Brazil features decent chances for precip. The Dec Supply and Demand report will be out this Friday at 11:00 am.

WHEAT: As of 7:45 – MPLS down 2, KC up 1
Wheat markets continue to their course……KC HRW contracts bumping lows and MPLS HRS contracts tickling new highs for the move around the $5.40 area. Export biz seems to still be anemic.