Morning Market Insight

Morning Market Insight
1-17-19
Brad Olson
 
 
 
Yesterday the announcement was made that many FSA offices will be opened 1/17, 1/18 and 1/22 for limited services.
 
There will no export sales released today due to the partial government shutdown
 
Corn as of 7:45- 1 higher
Corn regaining some of Tuesday’s losses on solid ethanol grind which was 1051 this week up from 1000 last week. Concerns of Brazils safrinha (double crop) production surfacing again as well. E-15 EPA decision being delayed due to the shut down as well. Corn remains rangebound as we look for something new to talk about.

 


Soybeans as of 7:45- 3 higher
March soybean seems to be drawn to that $9 mark as we are within 2c again overnight. Brazilian harvest is underway and there is also concerns about China cutting back soybean meal needs due to the number of hogs infected with African Swine Fever. Outside of that we continue to wait for some sort of trade settlement.
 
Wheat as of 7:45- 1-3 higher
Wheat continues to be a follower with very little to talk about outside of ideas of Russia cutting back exports but this has been talked about for a while now and we are yet to actually see anything real yet. US remains in the ball game for exports as we await export sales reporting that has been delayed due to the government shutdown.
 

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

    February 8th Insight
    February 8th Insight
    Feb 08, 2019 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    February 6th Insight
    February 6th Insight
    Feb 06, 2019 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    February 5th Insight
    February 5th Insight
    Feb 05, 2019 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    February 4th Insight
    February 4th Insight
    Feb 04, 2019 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    February 4th Insight
    February 4th Insight
    Feb 04, 2019 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    February 4th Insight
    February 4th Insight
    Feb 04, 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