Morning Market Insight

November 7, 2018
Jeremy Vander Vorst
Grain Marketing Specialist


Corn 1 Lower
Ethanol margins continue to trend weaker at a projected .03cts this week versus .07cts last week versus .42cts last year. China’s top producing grain province cut its corn subsidies, while almost doubling soybean subsidies as they try to reduce large corn stockpiles.

Soybeans Unchanged
US Midwest weather has light snow and rain falling across central and northern areas which will keep harvest at a slower than normal pace. Keep a watch on progress with a trade deal with China as many feel progress will be made as the Midterm elections are now over. Russia continues talks with China as they try to become a larger supplier of ag products to China.

Wheat 1-2 Lower
Recent cold and wet weather has slowed down winter wheat seeding and has many thinking acres will be below recent intentions. Winter wheat planting may come to a halt as the crop insurance deadlines have passed.
 
 

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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