Morning Market Insight

December 31, 2018
Travis Antonsen
Producer Marketing Manager


Happy New Years Eve - Due to the Winter Storm and poor road conditions/visibility, many Agtegra locations are closed today.  If your location is closed and you need to sell grain, please call the Aberdeen office at 225-5500 ext 8373
 
CORN:  As of 7:45 – Steady
A touch higher this morning.  Winter weather has movement at a standstill.  I did notice some photos of growers delivering to ethanol plants on Sunday to keep them supplied with corn.  The markets are open until normal time today (1:20) and will be closed tomorrow for the New Year holiday.
 
SOYBEANS:  As of 7:45 – Up 5
Over the weekend tweets were posted that US and China are making ‘big’ progress toward trade.  Will we see results on Jan 7th when the US trade delegation goes to Beijing?  Trade is keeping an eye on moisture conditions in Brazil.  We will see Export Inspections today at 10 am as FGIS is still operating despite the Gov’t shutdown.
 
WHEAT:  As of 7:45 – Mpls Down 1, KC Down 4
The drop in price this past week should make US wheat competitive in the world market.  The remaining 20-30% of the Argentine wheat crop is getting rained on and is attracting some headlines.  Pretty quiet in all.
 

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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