Morning Commentary 11/27/2020
Opening calls look mixed awaiting weekly export sales.   For the week, SRW Wheat prices are down roughly 3 cents; HRW down 9; HRS unchanged; Corn is unchanged; Soybeans up 7 cents; Soymeal up $3.00, and; Soyoil down 50 points. Crushing margins are down 1 cent at $1.03; Oil share is unchanged at...
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Morning Bullet Points - 12/29/2017
HAPPY NEW YEAR— MARKET HIGHLIGHTS Markets trading mixed overnight ahead of the final trading day of 2017. Export sales for wheat out this morning at 478,400 MT (250-550 expected), corn 1,245,500 MT (600-1,100), new crop corn 102,900 MT (0-50), soybeans 974,700 MT (800-1,500) Good week for...
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Morning Bullet Points - 12/22/2017
MERRY CHRISTMAS! MARKET HIGHLIGHTS Markets trading with small gains overnight in a quiet/low volume trade. The markets close at noon today and do not re-open until Tuesday morning at 8:30am CST.  I will be on the desk all morning, you need anything. January options expire today and assume...
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Morning Bullet Points - 12/18/2017
GOOD MORNING— MARKET HIGHLIGHTS Markets trading higher this morning in a quiet trade. Rains over the weekend hit Argentina, but the 6-10 and 11-15 dry out again. Friday’s CFTC report showed managed funds as net sellers of 36,700 corn to leave them short 197,000 contracts, net sellers of...
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Morning Bullet Points - 12/15/2017
GOOD MORNING— MARKET HIGHLIGHTS NOPA crush out at 11am this morning with expectations for 163.1 mbu. Reports yesterday afternoon that Argentine soybean acres may come in lower than expected due to dry weather. Kazakhstan cut their 2017/18 grain production forecast from 9 MMT to 8...
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Morning Bullet Points - 12/14/2017
GOOD MORNING— MARKET HIGHLIGHTS Markets trading mixed overnight with better Argentine rains weighing on the soy complex. Export sales this morning for wheat 588,800 MT (250-450 expected), o/c corn 866,900 MT (700-1,100), old crop soybeans 1,452,600 MT (1,400-2,000), new crop soybeans...
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Morning Bullet Points - 12/13/2017
GOOD MORNING— MARKET HIGHLIGHTS Markets trading with small gains following yesterdays weak post-report settlement. USDA yesterday kept South America production steady while providing somewhat expected adjustments to US corn ethanol and soy exports. South American weather remains mixed, but...
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USDA December WASDE Report
-USDA lowered US corn carryout due to higher ethanol use. CH is up 2 cents -USDA raised US soybean and wheat carryout due to lower exports. SH is down 3 cents, WH is down 1 cent -USDA left Brazil and Argentina corn and soybean crop est unchanged.   -USDA raised World wheat end stocks due to a...
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Morning Bullet Points - 12/12/2017
GOOD MORNING— MARKET HIGHLIGHTS Markets trading mixed overnight with soybeans seeing more selling while corn traded with a small grain USDA will be out at 11:00am CST with their December update today.  A limited reaction is expected. CONAB estimated the Brazil bean crop at 109.2 MMT. ...
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Morning Bullet Points - 12/11/2017
GOOD MORNING—   MARKET HIGHLIGHTS Markets weaker this morning before the open. Corn down 1’2 cent and soybeans down 5’2 cents. USDA WASDE report comes out tomorrow at 11 am central time. Corn is expected to come in slightly lower than the Nov report with carryout at 2.478 bbu. Exports...
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