Morning Market Insight

December 20, 2018
Zach Harry
Grain Marketing Specialist


Corn- Up 1
Another overnight in the corn market with a very light trading range. The weekly export sales estimate is around 1.8 mmt to 2.3 mmt. Ethanol still continues to struggle with poor margins, with reports that some Pacific ethanol idles at a Nebraska plant and lays off people.

 
Soybeans- Up 2
There is a small uptick from the overnight coming into this morning’s open. Reports that China is set to buy another 2mmt. All that China is purchasing is subject to the tariff, because it is going into their state-owned reserve, and we seem to be getting closer to the 5mmt that was talked about being purchased from the US. Continuing talk of dryness and heat in Brazil is pressuring the early season soybean yield and production.
 
Wheat- Up 4
Wheat tries to rebound somewhat in the overnight as it has been a bit of a choppy trading range as of late. A couple US firms offer Romania wheat, with only 1 cargo of US HRW offered. The weekly export sales are estimated to be around 500tmt to 700tmt.
 

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.
 

Past Morning Market Insights

    January 22nd Insight
    January 22nd Insight
    Jan 22, 2019 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    January 21st Insight
    January 21st Insight
    Jan 21, 2019 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    January 18th Insight
    January 18th Insight
    Jan 18, 2019 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    January 17th Insight
    January 17th Insight
    Jan 17, 2019 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    January 16th Insight
    January 16th Insight
    Jan 16, 2019 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    January 15th Insight
    January 15th Insight
    Jan 15, 2019 | 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