- Morning Grains Report 10/16/18
DJ USDA Grain Inspections for Export in Metric Tons – Oct 15 COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
- Earnings Boosting Markets. The Corn & Ethanol Report 10/16/18
Johnson & Johnson earnings kick-started this day and we also have Capacity Utilization and Industrial Production at 8:15 A.M., we also have API Energy...
- Almost Half Done
cmdty Insider - Ag Market Commentary
Wheat futures closed the Tuesday session with most contracts steady to 4 1/4 cents in the red. NASS reported that KS is now lagging normal pace at 62% planted, most other HRW states are also behind average. Emergence in those same states, however, is ahead of normal. Dryness across most of KS, northern OK, and further north should allow planting pace to pick up. Japan is seeking 127,688 MT of wheat from the US (59,640 MT), Canada, and Australia in their weekly MOA tender, with results expected on Thursday.Dec 18 CBOT Wheat closed at $5.23 1/2, down 1 1/2 cents,Dec 18 KCBT Wheat closed at $5.28, down 3 3/4 cents,Dec 18 MGEX Wheat closed at $5.96 1/4, down 4 1/4 cents--provided by Brugler Marketing & Management, Call (402) 289-2330
Soybean futures gave back some of Monday’s gains on Turnaround Tuesday, down 6 to 7 cents. Nearby soy meal was down $4.70/ton, with soy oil 10 points lower. Forecasts for the next week are dry for most of the Corn Belt, helping to get things dried out and allowing harvest to progress. NASS reported harvest as of Sunday was well behind normal with WCB states making very little progress over the past week. Progress in IA and MN is lagging by 31% with NE down 16% and the Dakotas well below normal, while IL is 5% faster than normal and IN up 2%. Condition ratings saw significant declines in IA (-10%), MO (-11%), ND (10%), and OH (-9%), with NE down 5% and MN 3 points lower.Nov 18 Soybeans closed at $8.84 3/4, down 6 3/4 cents,Jan 19 Soybeans closed at $8.99 1/4, down 6 1/2 cents,Mar 19 Soybeans closed at $9.11 1/2, down 6 1/2 cents,Jul 19 Soybeans closed at $9.34 3/4, down 6 3/4 cents,Dec 18 Soybean Meal closed at $322.30, down $4.70,Dec 18 Soybean Oil closed at $29.66, down $0.10--provided by Brugler Marketing & Management (402) 289-2330
Corn futures saw 3 cent losses in most nearby contracts Turnaround Tuesday profit taking. A drier pattern this week should allow producers in the Corn Belt to make better harvest progress. Monday’s Crop Progress indicated most WCB states lagging harvest pace and only moving 2-3% on the week, with ECB states now well ahead of normal. Condition ratings held up better than expected for the US as a whole. Condition ratings were down 1 in IA and up the same in IN, while MN lost 3 points with the Dakotas both lower and NE up 2. An Israeli importer is seeking 60,000 MT of corn, with the tender to closed on Wednesday and US listed as an accepted origin.Dec 18 Corn closed at $3.75 1/4, down 3 cents,Mar 19 Corn closed at $3.87 1/4, down 3 cents,May 19 Corn closed at $3.94 1/4, down 3 centsJul 19 Corn closed at $3.99 1/4, down 3 cents--Call Brugler Marketing & Management @ (402) 289-2330 with questions or news tips.