Grain Markeing Specialist
Corn as of 7:35- 3 lower
Corn managed to post slight gains after spending much of morning in the red. Solid export inspections and spillover strength from outside markets helped support this market. Export inspections at 1000 exceeding expectations of 775-900. Crop ratings declined 1% to 67% g/e which was expected.Dec support at 3.58 with resistance at 3.85.
Soybeans as of 7:35-7 lower
Soybeans supported by outsides and solid export inspections along with USDA announcing a sale to unknown for 15/16 of 125,000 mt. Export inspecions at 184.3 on the high end of expectations of 100-200. Conditions ermained unchanged with many looking for 1% decline. I have Nov support at 8.55 with resistance at 9.00 and 9.27
Wheat as of 7:45- 1-2 higher
Wheat managed to close in the black after putting in new contract lows early in the session. Export inspections a very solid 601.6 exceeding the range of expectations 275-400. Harvest progress at 88%. I support for Dec spring wheat at the contract low of 5.05 with resistance at 5.25 and 5.38