Morning Market Insight

September 4, 2018
Travis Antonsen
Producer Marketing Manager
 
CORN:  As of 7:45 – Down 1
Aside from the weakness in the wheat that is weighing on row crops this morning, the other factor the market is paying attention to is the heavy rain that is forecast for much of IA, MO, IL, WI and is expected to cause some flooding to already saturated areas.  Argentina is reinstituting their export taxes on corn to avert a financial crisis there.  This should be supportive to world grain values as Argentina reduces its competitiveness.


 
SOYBEANS:  As of 7:45 – Down 3
African Swine fever is still in the news over the weekend as two more cases were reported in China….watching closely to see what they do with the hog herd there to contain the fever.  Argentina also froze the export tax on soybeans and soybean meal yesterday.  Watching rains as noted above.


 
WHEAT:  As of 7:45 – MPLS Down 15, KC Down 17
Wheat markets are the weakest this morning as the Russian exporters meeting yesterday did NOT result in any immediate limitations or taxes of grain/wheat exports.  The market is still watching this closely to see if they have a large enough production problem that would inhibit their export ability.
 

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