Morning Market Insight

December 26, 2018
Travis Antonsen
Producer Marketing Manager


Grain markets open at 8:30 this morning. 
 
CORN:  Opening Call – Steady to higher
We remain in a partial government shutdown and will not expect to see USDA reports this week.  In addition to being in ‘Holiday Mode’ this week, the impending winter storm may throw a wrench in grain logistics.  Outside markets took a tumble on Monday, but are showing some recovery this morning after the pre-Christmas sell off.

 
SOYBEANS:  Opening Call – Steady to higher
March soybeans are trading right at the 100 day moving average support level.  As mentioned on Monday, Brazil was getting a change in weather pattern and decent precip over their developing soybean crop this week.  A widely follow crop consultant lowered his production forecast for Brazil by 1 MMT, now at 121 MMT…..citing some adverse conditions when the earliest beans were setting and filling pods.

 
WHEAT:  Opening Call – Steady to higher
The winter storm will bring rains to the southern plains and some significant snow into the Dakotas today and tomorrow.  Pretty quiet on the wheat front.
 
 

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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