Morning Market Insight

October 26th, 2018
Zach Harry
Grain Marketing Specialist


Corn- Up 1-2
Overnight corn seemed to find a slight bounce and December18 corn may find some overhead resistance at $3.64. The U.S. harvest is going strong and also winding down in some areas, while Argentina is approximately 34% planted. The 5 day precipitation map looks good for harvest throughout IL and West. The Eastern corn belt does have some decent moisture in that window.

 
Soybeans- Up 3
Beans seem to be finding a little bit of an up tick on the overnight, but they are well off the last weeks highs by about 50 cents. The major story is still the trade relations with China, and if they can get buy without U.S. soybeans.
 
Wheat- up 5-6
Spring wheat is up 5-6 on the overnight. All areas of Argentina will receive sufficient rainfall to encourage development of the winter wheat crop although the BAGX did cut its crop estimate 300 K MT to 19.2 million.
 
Stay safe and Have a productive weekend!
 

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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