Good morning. Wheat is leading corn and soybeans higher this morning as rumors that Nigeria has purchased 40,000 MT’s of U.S. wheat have pushed prices modestly higher. Expectations for a big soybean export number in tomorrow’s weekly export sales report are supporting the soy complex. Traders are looking for soybean sales to be in the range of 73 to 90 million bu. Overnight, Taiwan bought 23,00 Mt’s of U.S. corn and 12,000 MT’s of U.S. soybeans.
Monthly Archives: September 2014
Good morning. Turnaround Tuesday? Corn and soybean markets are little changed this morning as market factors are much the same this morning as yesterday. Yesterday’s crop conditions report showed corn rated as good or excellent the same as last week while soybeans declined 1%. Only 7% of the corn crop and 3% of soybeans have been harvested – both percentages are about ½ of normal for this point in September. 25% of the winter wheat crop is now