Morning Market Insight

November 20, 2018
Brad Olson
Grain Marketing Specialist

 
Holiday trading hours this week:  Regular close on Wednesday, market reopens Friday morning at 7:45am with an early close at 12:05pm.

 
Corn:  As of 7:45-   steady to 1 higher
Light news day yesterday as corn was primarily pulled lower by soybeans. Export inspections came in on the low end of expectations of 31.4. Brazilian planting pace brisk and conditions are good. 92% planted vs. 5 yr ave of 71%. Fast soybean planting in Brazil have led to ideas of increased opportunity for the safrinha ( 2nd crop corn). Harvest progress here at home at 90% complete – right in line with expectations. Corn continue to be range bound. Our Market Pro Premium product for Dec preforms best in a range bound market.

 
Soybeans:  As of 7:45-  2 higher
The Chinese/ US trade talks appearing to remain polarized as we move into the G-20 summit. This fueled the move lower yesterday. Planting pace in Brazil brisk and conditions look good. Export inspections falling in the range of expectations at 38.8. Harvest progress at 91% complete.

 
Wheat:  As of 7:45-  steady
The wheat complex drug lower yesterday by row crops. Idea’s that we coming to close to being in the running for some export business was supportive. Export inspections at 18.7, exceeding the expected range. Winter wheat planting at 93% complete with 81% emerged.

 

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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