- Tariff Victims, Grain longs loaded up?
Grain funds Long, tariff looms?
- Morning Grains Report 03/21/18
DJ USDA Monthly Grain Inspections: Exported By Rail – Mar 21 MS_GR210 Minneapolis, MN Wed Mar 21, 2018 USDA MARKET NEWS GRAINS INSPECTED AND/OR WEIGHED...
- Daily Technical Spotlight - May Soybeans
Price downtrend in place to suggest near-term top in place and more downside price pressure is coming.
- FED Decision Imminent. The Corn & Ethanol Report 03/21/18
We start off this economic day with Existing Home Sales at 9:00 A.M., EIA Energy Stocks at 9:30 A.M. and Dairy Product Sales at 2:00 P.M. Expectations...
- Grain Market Update (3.21.18)
Buy 1, Sell 1, Hold 1.....Take your pick: Corn, Soybeans, Wheat
- Fed Meeting Likely to Yield Higher Rates
Grain market traders are doing a bit of short covering as talk of China importing as much as 100 mmt of soybeans in 2018/19 and rains in Argentina believed...
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Corn futures are mostly 1/4 to 1 1/4 cents lower at midday. Another private export sale was announced by the USDA this morning, for 138,000 MT for 17/18 delivery to South Korea. The weekly EIA report showed ethanol production during the week of 3/16 increasing 24,000 barrels from the previous week at 1.049 million barrels per day. Stocks of ethanol at the end of that week were reported at 23.758 million barrels, down 523,000 barrels from the week prior. Stocks jumped on the East and West Coast, with the other regions showing a reduction. Expectations for Thursday’s Export Sales report show 1.4-2.1 MMT on old crop corn sales, with 100,000-200,000 MT in new crop sales.May 18 Corn is at $3.73 3/4, down 3/4 cent,Jul 18 Corn is at $3.82, down 1/2 cent,Sep 18 Corn is at $3.88 1/2, down 1 1/4 centsDec 18 Corn is at $3.96, down 1 1/4 cents
Wheat futures are trading 5 to 7 cents lower in the CBT and MPLS contracts, with KC down 10 to 11 1/2 cents in the nearby contracts. The 7 day QPF shows rain in a large part of the Southern plains over this weekend into next week. Most of the precipitation is in OK, TX, and the eastern part of KS, with forecasts for western KS showing lower rain totals. The average trade guess for old crop export sales for wheat is 100,000-300,000 MT for the week that ended on March 15, with new crop expected to range 50,000-200,000 MT. That would be within range of last week’s report of 162,807 MT of old crop sales.May 18 CBOT Wheat is at $4.47, down 6 cents,May 18 KCBT Wheat is at $4.58 1/2, down 11 1/2 cents,May 18 MGEX Wheat is at $5.86 1/2, down 6 3/4 cents
Soybean futures are currently 1 1/4 to 3 cents lower on Wednesday. Front Month soy meal is up 2.90/ton, with May soy oil 49 points higher. Ahead of the weekly USDA Export Sales report, analysts are estimating 0.7-1.4 MMT in old crop soybean export sales during the week of 3/15, with 50,000-200,000 MT for new crop. Last week’s report showed old crop sales at 1.27 MMT. Sales of soy meal are expected to range 100,000-300,000 MT, as soy oil is at 20,000-50,000 MT. The USDA ag attach in Canada expected to see the country’s canola production drop 0.8 MMT to 20.5 MMT in 2018/19.May 18 Soybeans are at $10.25 1/2, down 2 3/4 cents,Jul 18 Soybeans are at $10.36 1/4, down 2 3/4 cents,Aug 18 Soybeans are at $10.38, down 2 1/4 cents,Sep 18 Soybeans are at $10.27, down 1 1/4 cents,May 18 Soybean Meal is at $364.60, up $2.90May 18 Soybean Oil is at $32.23, up $0.49