The grain markets are called mixed this a.m. behind a mixed
choppy overnight session that saw mainly weakness but we have seen outside
markets bounce off of their overnight weakness which has most calls a little
better then where the overnight session left off at.
In the overnight corn was down 2-4 cents, beans where hit
the hardest down 16 on old crop, new crop soybeans where lower by 13-14 cents,
MPLS wheat was off 1-2 cents, KC wheat was up ½ of a cent, and CBOT wheat was
down a ¼ of a cent. At 9:25 outside
markets have bounced a little bit with EU wheat up about 1 %, the dollar is
about unchanged, equities are firmer with the DOW up 84 points, crude is off
about 60 cents a barrel, and Gold is down about 8 an ounce.
It looks like I am a little late getting out these comments
as markets are now open and as suspected firmer then the overnight
session. We have corn up 3, beans off a
dime, KC wheat up a dime, CBOT wheat up about a dime, and MPLS wheat up 5.
Outside markets bouncing and some reported export business with
China helping out. Also dryness talk is
starting to heat up perhaps adding a little weather premium into the
markets. Parts of the US and also parts
of Russia; talk is that the Russian crop is getting smaller in particular the
area that usually is a big exporter.
Please give us a call if there is anything we can do for
you.
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