Morning Market Insight

December 24, 2018
Travis Antonsen
Grain Marketing Specialist


Merry Christmas Eve!  Futures markets close at 12:05 today and will reopen on Wednesday morning at 8:30.
 
CORN:  As of 7:45 – Down 3
Lower this morning on outside market uncertainty and favorable S American weather.  The US Government shutdown is expected to last into next week and could leave Ag information in the dark as far as export confirmations go.  China did drop tariffs on alternative meals today including; rape, cotton, palm and sunflower meal as of January 1st.  US DDGs were not on the no tariff list!
 
SOYBEANS:  As of 7:45 – Down 3
Brazil is seeing some unseasonably cool temps and precip this week, a change from the warm and dry conditions they had been experiencing.  Jan beans are right at the 100 day moving average of $8.79……can it hold?

 
WHEAT:  As of 7:45 – Mpls Up 1, KC Steady
Rumors that private Egyptian buyers secured US HRW cargoes over the weekend supported values last night.  We will not have confirmation of this due to the US government shutdown that is ongoing.
 
 

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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