Corn down 3, Beans down 5, Wheat down 6
Crude Oil- 94.94 up 1.11
US Dollar- 82.73 up .25
Dow- 17,063 down 15
Bids are different for this week’s delivery in comparison to next week; if you are in the fields and planning on taking anything to town please call talk with us about the bids for the next couple of weeks as they are different.
Whack, Whack, Whack is how the market went today. Beans closed 4 pennies lower of off talk that beans are filling the pods wonderfully. Funds sold 2,000 lots on the day. The Chinese didn’t do much as far as purchases to end the week. Rains have slowed what little harvest there was down to a creep or a complete stop.
Corn closed the session lower again on news of more early harvest progress also the weather has been conducive to finishing corn. Funds sold 7K on the day. Rains are due this weekend and that will slow the progress down a bit. The crop condition report is expected to stay close to last week’s numbers, so we’ll see how that pans out.
Wheat had a poor day, closing the session lower by 6 pennies. Spring wheat harvest is coming right along. There was more talk on this deal with the Russians and Ukrainian’s today so that’s nothing new. There really isn’t much else to write home about on wheat today.
Have a wonderful and safe holiday.