October 8, 2014
Producer Marketing Manager
Wheat Growers Mobile App puts you ALL of our Cash bids at your fingertips…..have you installed it yet on your smart phone or tablet?
CORN: As of 7:45 – Down 1
Another strong day in the corn market yesterday as we finished up 8 on the Dec contract. We closed above the 20 day moving average for the first time since August. Will we hold the momentum? Average trade guess for Friday’s report is 14.523 billion bu and yield at 174.7bpa...ending stocks at 2.144 billion bushel.
SOYBEANS: As of 7:45 – Up 2
Stronger markets early in the session lost momentum and pushed soybeans to negative territory by the end of the trading session. Good harvest weather in the west vs. rain delays in the east…… Average trade guess for Friday’s WASDE report: 3.977 billion bushel production and yield of 47.6bpa…… 478 million bu carryout.
WHEAT: As of 7:45 – Down 1
The wheat market was actually leading the way higher yesterday on some reports of Australian dryness and technical buying as funds covered some of their short positions.