Corn down 3, beans down 2, wheat down 10
Crude Oil- 97.35 up .15
US Dollar- 80.27 down .34
Dow- 15,821 down 68.26
If you have any remaining treated beans in your trailers, CLEAN THEM OUT before mixing them with anything you plan to take to the elevator. FDA regulations strictly prohibit any treated beans to enter commercial channels. The financial exposure you expose yourself to if you do deliver beans that have been mixed could be severe.
Ray-Carroll is offering a Price Later contract right now. This contract offers our customers 3.5 cents storage instead of the normal 4 cents, with a 7 cent minimum instead of 8. By signing this contract you are giving up right to the grain so that we can ship the product thus making more space in the elevators for grain still being brought in. If you are interested at all please call Richmond, we will be happy to discuss details farther.
Its safe to say winter is here… 21 degrees today were expecting a heat wave tomorrow with a high of 26 degrees. Snow chances on Sunday otherwise it should be pretty calm out other than just flat out cold.
Beans today, were all over the place up then down then up once more before closing the session lower by 2 pennies, want to take a guess why… china offering to sell. Export numbers came out today, with the holiday last week they were pretty decent really. The report next week has folks anticipating a reduction in stocks.
Corn was down earlier this morning, with some fear that china may be rejecting more cargos, that information is becoming more and more of an annoyance than anything. There are apparently a few reasons the Chinese are so quick to reject cargos, one being that they are expecting a large amount of grain in December and don’t want things to be backed up. Report out Tuesday, nobody is expecting a change in production, but a drop in stocks.
Wheat was down again today, losing 10 pennies today on lack of export demand. Winter wheat is dead and apparently under threat of harsh winter weather, it is guessed that some 3% already having been hit hard with harsh temps and that number set to keep rising.
Have a good night.