Morning Market Insight

August 22, 2018
Abbey Kittelson
Grain Marketing Specialist


CORN: As of 7:45 – down 2
More weakness in the wheat market pulled corn lower again on Tuesday, along with the idea of a sizeable harvest coming this fall. The crop tour continues, with similar findings in Nebraska and Indiana to that of Monday in SD and OH – better than average. December ‘18 corn closed yesterday at 3.74. Meanwhile, December ‘19 corn closed yesterday at 4.01 – seems like we sure miss 4.00 right now… Below is a chart of CZ19 – targets, targets, targets!!


 

SOYBEANS: As of 7:45 – down 6
Yesterday’s soybean trade ended lower on talks of a big increase in acres coming in Brazil, along with a big US harvest coming, and… you guessed it... trade uncertainty with China. The second day of the crop tour showed above average yields in Nebraska and Indiana. If the reports of increased acreage in Brazil hold true, this would be the twelfth year in a row that Brazilian farmers have planted more beans. How much of the Chinese market share will the US lose? President Trump continues to talk tough, so the trade is worried that nothing with come out of the upcoming meeting.

WHEAT: As of 7:45 – Mpls down 3, KC down 7 
With spring wheat harvest still rolling strong in the United States, the crop appears to be getting bigger every day, and adding to our already abundant supplies. Production issues in other parts of the world seem to have been priced into the market thus far. It appears that Russia cutting back on exports won’t become a story after all, or at least the trade has lost its worry for now. 

Past Morning Market Insights

    September 21st Insight
    September 21st Insight
    Sep 21, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    September 20th Insight
    September 20th Insight
    Sep 20, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    September 19th Insight
    September 19th Insight
    Sep 19, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    September 18th Insight
    September 18th Insight
    Sep 18, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    September 17th Insight
    September 17th Insight
    Sep 17, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    September 14th Insight
    September 14th Insight
    Sep 14, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight

Subscribe to Receive Morning Market Insight Email