- Livestock Report
pull back in cattle
- Morning Grain Market Research
While still behind the average pace, enough headway was made with bean harvest last week to discourage a few more would-be bulls in the bean market. Moving...
- Dow down 500, Risk is on. Or Off?
WHERE IS GRAIN WALL OF SELLING? Corn approx 6% off the lows.
cmdty Insider - Ag Market Commentary
Wheat futures posted steady to 2 cent gains in the winter wheat contracts on Tuesday, with the exception to nearby KC. MPLS was weaker on the day, down 1/2 to 1 1/2 cents in most contracts. Planting progress along the Plains (KS, OK, TX, CO, NE) is now behind normal, with emergence now even with or lagging the average in those states. Japan’s weekly MOA tender is for 104,673 MT of US and Canadian wheat, with 69,518 MT US specific. Russia’s IKAR added 500,000 MT to their wheat export projection at 33 MMT.Dec 18 CBOT Wheat closed at $5.09, up 1 cent,Dec 18 KCBT Wheat closed at $5.07 1/2, down 1/4 cent,Dec 18 MGEX Wheat closed at $5.85, down 1/2 cent--provided by Brugler Marketing & Management (402) 289-2330
Soybean futures closed Tuesday with most contracts 1 to 1 1/2 cents lower. Front month soy meal was down $2.10/ton, with soy oil 39 points lower. On Monday, NASS showed that harvest progress was made in the WCB last week, but most states are still more double digits behind normal. Conditions ratings in IA and IN were down 1 with SD and NE 2 lower. They rebounded 12 points in ND and 5 points in MN, with IL up 3 on the week. As of Monday evening, DTN reported the national cash average index for soybeans at $7.58 3/4, putting the national average basis at -99 3/4 cents (20 3/4 cents below last year). Safras and Mercado estimate that the Brazilian soybean crop is 27.5% planted as of last Friday, with the average at 17.7%.Nov 18 Soybeans closed at $8.57 1/2, down 1 cent,Jan 19 Soybeans closed at $8.71, down 1 1/2 cents,Mar 19 Soybeans closed at $8.84 1/4, down 1 1/2 cents,Jul 19 Soybeans closed at $9.09 1/4, down 1 cent,Dec 18 Soybean Meal closed at $310.70, down $2.10,Dec 18 Soybean Oil closed at $28.76, down $0.39--provided by Brugler Marketing & Management, Call (402) 289-2330
Corn futures saw fractional to 1 1/4 cent gains in most contracts on Tuesday. The weekly EIA report will be updated on Wednesday morning. Monday afternoon’s Crop Progress report showed corn harvest in the states along the WCB harvest picking up but are still lagging normal progress. Condition ratings in IN were down 5 points, with IA and NE down 2 and the Dakotas higher. This was the last crop condition report of the year for corn. DTN reported a national average cash corn index of $3.27 3/4 on Monday afternoon. That put the national average basis at -41 3/4 cents compared to December, 2 1/4 cents stronger than a year ago. A South Korean importer purchased 138,000 MT of optional origin corn in a tender on Tuesday.Dec 18 Corn closed at $3.70 1/4, up 3/4 cent,Mar 19 Corn closed at $3.82 1/2, up 3/4 cent,May 19 Corn closed at $3.90, up 3/4 centJul 19 Corn closed at $3.95 3/4, up 1 cent--Call Brugler Marketing & Management @ (402) 289-2330 with questions or news tips.