Grains Futures Prices
- Morning Grains. 08/17/17
DJ U.S. Export Sales: Weekly Sales Totals – Aug 17 For the week ended Aug 10, in thousand metric tons, except cotton in thousand running bales. Net changes...
- Morning Grain Market Research
Just about everywhere you turn, we appear to be met with darkness. No, this has nothing to do with the solar eclipse that will be crossing our skies next...
- Rains Make Grains. The Corn & Ethanol Report 08/17/17
We kickoff this morning with Export Sales and Initial Jobless Claims at 7:30 A.M. followed with Capacity Utilization, Industrial Production at 8:15 A.M....
- MDA SnapShot UPDATE: Sept S&P Short Position, Multi-Profile Levels Update, 8/17/17
Below you will see published updates from the Market Dimensions Advisory. These are sent in real-time to subscribers. Do Not Miss them going forward, subscribing...
- Fed sends mixed signals. The Nemenoff Report 08/17/17
Financials: Sept. Bonds are currently 13 lower at 154’21, 10 Yr. Notes 4 lower at 126’12.5 and 5 Yr. Notes 2.7 lower at 118’11.7. Yesterday’s release...
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Wheat futures are showing 3 to 5 cent losses at midday in most CBT and KC contracts. MPLS is down 2 1/2 in nearby Sep, with back months 2-3 cents higher. This morning’s USDA Export Sales report indicated 633,565 MT in 17/18 sales, larger than expectations and 29.4% above last year at this time. Thailand was the largest buyer, at 110,100 MT. There have yet to be any 18/19 sales reported, as we are now in week #11 in the current marketing year. A survey of analysts by Bloomberg shows estimated Canadian wheat production for 2017 at 26.4 MMT, compared to the USDA’s 28.35 MMT. Stats Can will report on August 31. Saudi Arabia is seeking 480,000 MT of wheat through the Saudi Grains Organization, for Oct-Dec delivery. This tender will close on Friday. Sep 17 CBOT Wheat is at $4.14 1/4, down 5 cents, Sep 17 KCBT Wheat is at $4.15 1/2, down 4 cents, Sep 17 MGEX Wheat is at $6.71, down 2 1/2 cents
Soybean futures are mostly 2 1/2 to 3 cents higher on Thursday, with the help of a stronger Export Sales report. Sep soy meal is up 30 cents/ton, with nearby bean oil 26 points in the green. This morning, the USDA announced a private export sale of 165,000 MT of optional origin soybeans to China through their daily reporting system. In Export Sales report, they showed old crop soybean sales of 453,220 MT for the week of August 10, which was up 10 fold from last week’s sales and 154.8% larger than a year ago. New crop sales came in at 899,429 MT, a 40.7% increase over a week ago but 43.7% below last year. The lead buyer for both old and new crop was China, as they purchased a total of 737,479 MT. Total soy meal sales came in at 143,053 MT slightly higher than last week but 54.3% lower than last year. Soy oil sales were reported at 26,926 MT. Sep 17 Soybeans are at $9.24 1/4, up 2 1/2 cents, Nov 17 Soybeans are at $9.28, up 2 3/4 cents, Jan 18 Soybeans are at $9.36, up 2 1/2 cents, Mar 18 Soybeans are at $9.44 1/2, up 3 cents, Sep 17 Soybean Meal is at $294.90, up $0.30 Sep 17 Soybean Oil is at $33.11, up $0.26
Corn futures are 2 1/4 to 2 3/4 cents lower in the nearby contracts at midday. The USDA indicated old crop sales of 62,424 MT, as 671,767 MT of new crop sales were reported for the week of August 10. That was on the higher end of expectations, as total sales were 7.9% larger than last week but are still 39.33% below this time last year. A large portion of 16/17 sales were reported as switched from unknown destinations, as there was a net reduction of 260,800 MT shown for unknown. On Thursday, China sold 123,811 MT of corn from 2014, with an additional 15,000 MT of 2013 corn being sold at an auction of state reserves. That was just 17.14% of the total amount offered. Sep 17 Corn is at $3.50 1/4, down 2 1/4 cents, Dec 17 Corn is at $3.63 3/4, down 2 3/4 cents, Mar 18 Corn is at $3.75 3/4, down 2 1/2 cents May 18 Corn is at $3.82, down 2 1/2 cents