Morning Market Insight

September 5, 2018
Travis Antonsen
Producer Marketing Manager
 
Are you coming to Agtegra’s Innovation Fieldfest tomorrow at the Agtegra Test Plot north of the Bath, SD facility?  The event begins at 11:30 and will showcase agronomic topics on plant growth and development, including precision ag equipment and crop nutrition demonstrations.


CORN:  As of 7:45 – Down 1
Corn had a solid close yesterday after spending much of the day in negative territory.  Conditions reported yesterday afternoon were slightly lower on a nationwide basis.  Overnight we are a touch weaker.  NAFTA talks with Canada happen today in DC.
 
SOYBEANS:  As of 7:45 – Down 2
The US soybean crop is rated at 66% Good/Excellent this week, unchanged from last week and is above last year’s rating of 61%.  Weather through the central belt also is looking wetter through Sunday and Tropical Storm Gordon will also be bringing heavy rains into the delta which could impact quality as well as quantity depending how it tracks.  The trade is still sorting through how the Argentine export tax changes will impact values and flows.
 
WHEAT:  As of 7:45 – MPLS Up 3, KC Up 1
A drought across Australia's east coast has intensified after near record-low levels of rain across much of the region over the past five months, the country's weather bureau said today.  Russia set new monthly export records for both July and Aug. With Russia’s crop expected in the 70-72 range vs. 86+ LY farmers and exporters have been making rapid sales as they expected export restrictions.  Will we see later season demand for US HRW???

Past Morning Market Insights

    September 21st Insight
    September 21st Insight
    Sep 21, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    September 20th Insight
    September 20th Insight
    Sep 20, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    September 19th Insight
    September 19th Insight
    Sep 19, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    September 18th Insight
    September 18th Insight
    Sep 18, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    September 17th Insight
    September 17th Insight
    Sep 17, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight
    September 14th Insight
    September 14th Insight
    Sep 14, 2018 | Agtegra
    Click to hear from our Grain Marketing Specialist and get updated with the latest Morning Market Insight

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