Monthly Archives: February 2016

Grains Are Firmer But Beans Are Weaker This Morning

Good morning. Grains are firmer but beans are weaker this morning. Soybeans are under a bit of pressure from higher than expected soybean, soyoil, and soymeal deliveries. There were 227 soybean contract deliveries with a date of 12/28/2015. Soymeal deliveries totaled 141 contracts; soyoil 1296 contracts. There were no corn deliveries. Weekend South American rainfall was concentrated on Southern Brazil and Northern Argentina which allowed the Mato Grosso harvest to continue. The Mato Grosso harvest is estimated to be 50

It’s Been A Quiet Overnight Trade

Good morning. It’s been a quiet overnight trade with corn, beans, and wheat all trading in narrow ranges. Crude oil is nearly a dollar higher and the Dow is expected to open higher. The Ag Outlook Forum this morning released 2016/17 S/D projections which showed corn ending stocks of 1.977 billion bu. ,soybeans of 440 million bu., and wheat ending stocks of 989 million bu. These numbers are not a surprise to the trade. Chinese corn futures have