Morning Market Insight

August 30, 2018
Zach Harry
Grain Marketing Specialist


Corn- Up 1-2
On the overnight corn sees little movement but at least it is positive being up 1 to 2. Corn is progressing at a fast pace this year, as early harvest is a certainty at this point in some areas with chatter of combines already moving in the fields. Export sales this morning 100 to 300tmt old crop, 600tmt to 1.0mmt new crop.



Soybeans- Up 2
Soybeans see positive movement again on the overnight despite the fact that the U.S. still has poor trade relations with China. The U.S. farmer is trying to figure out the best way to capture the $1.65 support plan, as elevators across the country are trying to figure out what that means for harvest movement. Rail markets are still very poor and crushers are the market right now.
 
Wheat- Up 6
Spring wheat again is in the green as they are trading up 6 on the September. Global supplies remain tight and raises the question of, will the market continue to rise?

 

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