December 27th 2013
Grain Marketing Specialist
As of 8:00am Mar. 1 higher, Dec.’14 1 higher
Corn is up a little this morning. China is now going to be testing all US corn shipments. The rejected shipments are finding a home. It will be much tougher to find new homes for the DDG’s. Weekly Export Report has sales of 1.4 mmt versus 104,000 last year. Weekly Ethanol Report will be out at 9:30am. Ideas for the January 10th Report has traders leaning towards more bushels. The wild card will be the feed number.
As of 8:00am Mar. 5 higher, Nov. ’14 is unchanged
Soybeans are bouncing back this morning after yesterday’s profit taking. Weather is still expected to be favorable in South America. Weekly exports are at 720,000 vs 87,000 last year. Soymean was slower with 83,000 shipped versus 125,000 last year. Jan 10th report expected to find more bushels.
As of 8:00am Spr. Wheat 1 lower and Win. Wheat 1 lower
There is still no news to turn this market around. New lows were made again in the Minneapolis and Kansas City markets. Weekly Exports at 597,000 vs 1.009 mmt last year.