Morning Market Insight

Morning Market Insight

April 17, 2018
Cutler Murray
Grain Marketing Specialist


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Corn as of 7:45: Unchanged
Overnight trade keeps corn trading in a 2-cent range. Us exports remain strong with export inspections coming in at 59.2 mbu. USDA estimates U.S. corn planting progress as of April 15 at 3% vs. 6% last year and the 5-year average of 5%. Expert Cordonieer estimates Brazil production up 1 mmt to 87, leaves Argentina at 39mmt.

Soybeans as of 7:45: Up 2
Beans overnight trade in a range of 8 cents. Weekly export inspections were reported at 445 tmt versus 381 tmt last week. Global demand for US soybeans remains strong. NOPA crush at record levels for March, crushing 171.858 million bushels. Brazil harvest @ 85% complete.

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Wheat as of 7:45 MW -Up 6 KC- Up 4
US HRS seeding is 3% seeded vs 12% LY and 15% average. USDA pegged overall winter wheat ratings at 31% g/e, 32% fair. Weekly export inspections were reported at 483 tmt versus 431 tmt last week. Ukraine spring wheat seedings are at 50% complete. Do you still have wheat in the bin? Never hurts to know exactly what you have in the bin. Contact your Local grain marketing specialist and ask about our bin probe truck and our bin probe guarantee.
  
The information contained above was taken from sources which Agtegra believe to be reliable, but is not guaranteed by Agtegra as to accuracy or completeness and is made available for information purposes only. There is a risk of loss when trading commodity futures and options.
 

 

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