Corn down 1, beans down 2, wheat down 1
Crude Oil- 97.64 up .26
US Dollar- 80.318 down .083
Dow- 16.001.54 down 108.03
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.
North winds and cooler weather prevailed over much of the Midwest again today, as the Chicago trade was fairly calm and steady during the session. Corn was kept quite, mostly due to continued problems with GMO strains rumored to be found in Chinese bound vessels and on fears that those vessels could be rejected. That commodity just can’t seem to find any direction at the board of trade, while local basis here in Missouri dropped slightly due to an increased amount of producer selling. Funds liquated 2,000 lots on the session. Yellow Soybeans were two and a half cents lower on soft chart selling, a nearing Brazilian harvest, and a possible increase in Argentine farmer marketing. Funds reduced their positions by nearly 2,000 lots on the day. Wheat demand was lack-luster today, both in the domestic and foreign markets as the front months lost to the deferred months during the trade.
Opening calls for this Sunday Evening’s market open is steady to slightly lower. Have a great weekend and enjoy the snowfall!