August 26, 2016
Producer Marketing Manager
CORN: As of 7:45 – Steady
Do you have any Non-GMO corn in the bin? Or growing in your field? If you do, contact Travis @ 605-725-8310 about potential marketing opportunities at Wheat Growers. Yesterday’s price action was lower in tandem with the weakness in the soy complex. ProFarmer tour results will be released later this afternoon. Slow market news day…….
SOYBEANS: As of 7:45 – Up 3
Technical selling played a factor yesterday as futures closed near two-week lows, marking the largest single day drop for soybean futures in nearly a month. Nearby Sept contract closed down 32½ at $9.98¼, and new crop SX6 closed down 29¾ at $9.75½. Hearing continued chatter of large pod counts……
WHEAT: As of 7:45 – Steady to Down 1
A very quiet week of news in the wheat markets. The premium in the Mpls market has eased, there are some rumblings that the French crop has some quality issues, US export sales were low.