January 9, 2014
Travis Antonsen
Producer Marketing Manager

CORN:  As of 7:45 – Down 2
A big push from the funds on the close as nearly 33,000 contracts traded in the last 5 minutes of trade yesterday afternoon.  Export sales out this morning were below trade expectations.
Key numbers to watch in tomorrow’s report: 

• Final Production = Average guess is 14.066 billion bushels (13.989 in Dec)
• Final yield = 161.2 is the average guess (160.4 in Dec)
• 13-14 Carryout =  1.861 (1.792 in Dec)

SOYBEANS:  As of 7:45 – Up 4
Weekly export sales reported for last week were much lower than expectations.
Key numbers to watch in tomorrow’s report:
 
• Final Production = Average guess is 3.279 billion bushels (3.258 in Dec)
• Final yield = 43.3 is the average guess (43.0 in Dec)
• 13-14 Carryout =  .149 (.150 in Dec)

WHEAT:  As of 7:45 – MPLS Up 3, KC U 2
Winter Wheat seedings will be released tomorrow as well and the trade is anticipating a slightly larger planted acreage number than last year.