November 28th 2012
Drew Johnson
Grain Marketing Specialist


Corn
As of 7:35am Dec. unchanged to a penny lower. Dec. ’13 down 2

Corn values surged yesterday with continued drought concerns. Trade still concerned with Mississippi water issues. Unwanted rains in Argentina, while southern Brazil getting adequate rains. Fears of inadequate feed rationing into the Jan 11th, 2013 report. 


Soybeans
As of 7:35am Jan. down 5 Nov. ’13 down 6

Beans work higher on wet Argentina, and US Drought yesterday. Trade is raising US soyoil export ideas on recent sales pace. S. American soyoil exports down.

 

Wheat
As of 7:35am Spr. Wheat unchanged. Win. Wheat down 2

Winter wheat exports are lagging, with some analysis’ suggesting 70-220 behind USDA projections. Trade also questioning if US spring wheat sales will lag behind.