11/29/2019
Travis Antonsen
Nov 29th Morning Market Insight

No overnight markets due to Thanksgiving……Markets open at 8:30am this morning and will have an abbreviated session with a 12:05 close. 

If you need to market grain today you can reach us at 605-725-8373.
 
CORN:  Opening call is 2 cents higher
Cash bids rolled to the March futures contract on Wednesday as we enter First Notice Day on the Dec contract today.  Export sales released this morning showed 31.8 million bushels of corn sold this past week, just above last week’s total of 31.0.  Columbia was the single largest buyer of US Corn this week followed by ‘Unknown’ and Costa Rica. 

 
SOYBEANS:  Opening Call is Steady to Down 1
The market is watching potential retaliatory efforts from China after the US approved legislation supporting Hong Kong on Wednesday.  Soybean export sales were solid this week at 61.1 million bushels.  China took half of this total.

WHEAT: Opening call is steady
Wheat bids also rolled to the March futures contract on Wednesday.  Wheat exports were just above the upper end of market expectations at 22.5 million bushels with the Philippines, Taiwan, and Japan being the top buyers.  Headlines that the French farmer is struggling to get the last 20% of their winter wheat crop planted.