Morning Market Insight

October 1, 2018
Travis Antonsen
Producer Marketing Manager  
                                                       
 
Did you know October is National Cooperative month? There are 2,106 agriculture co-ops in the U.S., with more than 2 million member-owners. Agtegra is proud to be your full-service co-op with grain, agronomy, ag tech, feed and fuel.
 
CORN:  As of 7:45 – Up 2-3
We are higher this morning as we start the month of October.  The market is trying to digest and shrug off the Sept 1 stocks number that was laid out on Friday.  We did see an agreement was struck last night between Canada, Mexico, and the US (USMCA).    

 
SOYBEANS:  As of 7:45 – Steady to Up 1
October is showing above normal precip for most of the soybean growing areas……not conducive for harvest progress!  We did trade both sides of unchanged overnight as traders wrestle with the large Sept 1 stocks and harvest progress/delays.  Looking at $8.46 as overhead resistance for Nov soybeans in the near term.
 

WHEAT:  As of 7:45 – Steady
Quiet overnight in all wheat markets.  Watching HRW planting progress in this afternoon’s report……many acres in the north are waiting for current crops to be harvested before HRW planting can occur. 
 

Past Morning Market Insights

    October 17th Insight
    October 17th Insight
    Oct 17, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    October 16th Insight
    October 16th Insight
    Oct 16, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    October 15th Insight
    October 15th Insight
    Oct 15, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    October 12th Insight
    October 12th Insight
    Oct 12, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    October 11th Insight
    October 11th Insight
    Oct 11, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    October 10th Insight
    October 10th Insight
    Oct 10, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight

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