Nov 27th 2013
Grain Marketing Specialist
Wheat Grower’s wishes you all a safe and Happy Thanksgiving! Please take this time to enjoy family and friends.
Market hours over the holiday:
Thursday- no markets
Friday- reopen at 8:30 am. – 12:00 p.m. cst
Wheat Growers will be running limited staff at many locations Friday.
There will be hedging staff available during market hours if you need assistance outside of your location.
1-888-429-4902 ext 8409
Corn: As of 7:45- 2 higher
Lack of fresh news had funds selling yesterday as much 9,000 contracts pressuring this market. A well performing stock market and ample corn stocks, not going to make this market very attractive to investors. First notice day for Dec is Friday so if you have unpriced HTA’s and BF contracts vs the Z they will need to be taken care today.
Soybeans: As of 7:45- 6 higher
Soybeans managing to claw its way back to unchanged after trading lower all day. China cancelling 300tmt of beans but 360tmt sold to unknown helped offset it. Chinese crush margin also in question. Ideas of tighter stocks by as much as 50 bringing ending stocks to a snug 120 helping support this market this morning. Spreads firming as the market realizes it needs beans sooner than later.
Wheat: As of 7:45- 2-4 higher
KC managed to outperform the other wheat’s closing ¾ higher in the spot month. Australia and Argentina are currently harvesting. MPL wheat put in lows. First notice day for the Dec wheat contracts Friday as well.