Morning Market Insight

11-21-18
Brad Olson
Grain Marketing Specialist

 
 
Holiday trading hours
Regular time Wednesday, closed Thursday/Thursday night, Friday 7:45 to 12:05
 
Corn:  As of 7:45-   1 lower
 
The announcement of cancelled exports of 200,588 mt and tightening ethanol margins pressuring corn yesterday into last night. Hearing more and more talk of plants slowing or shutting down. Estimates for today’s EIA report are 1042. Overnight we are testing the low end of trading range as we move towards harvest end and the Thanksgiving Holiday.
 

 
 
Soybeans:  As of 7:45-  2 lower
 
The yoyo of trade optimism or lack thereof was in play yet again yesterday as we move into the G 20 summit Nov 30th. Export sale announcement of 123,567 mt to unknown helped support this market yesterday as well. Early harvest beans expected to be as soon as Christmas in Brazil.
 
 

 
 Wheat:  As of 7:45-  steady to 1 lower 
 
Slow news day for the wheat complex led to a mixed trade yesterday. Talk that Pakistan plans to export 500,000 mt of subsidized wheat. HRW planting pace in line with expectations but there is concerns from some areas that the wet fall limited acreage. Technically momentum remains weak as we test recent lows.
 

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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    November 30th Insight
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