Morning Market Insight

Morning Market Insight

04/19/18
Morning Market Insight
Cutter Murray
Grain Marketing Specialist

With increased volatility this spring do you have your targets in to help capture some rallies for your operation? Talk with your local grain marketing specialist to get your targets working for you this spring!

Corn as of 7:45: Unchanged
Corn on the overnight was quiet only trading in a penny and a quarter range on the overnight. China's corn demand is expected to rise by 15 million tonnes to 225 million tonnes in 2018, according to a report published by China's starch industry association this morning. Weekly ethanol grind up 1.6percent over last year.

Soybeans as of 7:45: Down 1

Nearby beans on the overnight trade in a 4 ¼ cent range. China and US trade relations and policy still under fire are beans the next item up for tariffs? Bean exports down 17.3 million bushels form last week coming in at 38.2 mbu this week on the lower end of trade guess.

Wheat as of 7:45 MW -Unchanged KC- Up 5
Wheats fairly quite on the overnight as well as Minneapolis May futures see a trade range of a penny and three quarters while Kansas City may trades in a range of 4 cents. Wheat exports were negative as we imported white and spring wheat. USDA attaché to Canada is predicting a 29.9mmt crop with spring wheat acres on the rise. Forecasted rain chances for southern plains starting to dwindle away.

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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