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Please call the Kruger or Beason
offices for your marketing needs.
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CBOT Futures |
Closing Price |
Change |
| CBOT Mar Corn | 4.1125 | -.01 |
| CBOT Dec Corn | 4.5525 | -.01 |
| CBOT Mar Bean | 9.87 | +.10 |
| CBOT Nov Bean | 10.12 | +.085 |
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| Not much of a theme for today! Corn traded on both sides of the equation, but spent a majority of the session in the red before settling 1 to 1 ˝ ˘ lower today. Wheat on the other hand spent all but the last five minutes of the session in the red before closing 5 to 6˘ higher. The higher U.S.$ seemingly set the stage for a lower open/trade, but the strength in beans and crude offered some support early. The news remains largely the same and so not much to work with on the bull side except for outside markets. Bears are still looking at poor demand, index selling and slow economic times. Corn currently stuck in a 40˘ trading range. Plenty of trepidation about what the Index funds will do this week relative to new/existing grain positions. Trend traders were net sellers of 3,000 corn and 1,000 wheat. Informa expected to release revised S/D and acreage numbers tomorrow. Higher corn prices and seemingly lower inputs may favor more corn acres. Export news remains thin. Weekly inspections were as expected at 23.4 Mln. bu. vs. 24.0 LW. |
BEANS |
| Beans continued their firmer tone today compliments of the higher trade in crude. Beans settled 10 to 13˘ higher, with bean oil 129 points higher and meal $2-$2.40 lower. Beans opened surprisingly higher, as the outside markets were giving mixed signals; U.S.$ and crude higher. Crude continued to rally through the day as traders remain nervous over the Israeli/Palestine conflict and trade tensions between Russia and the Ukraine. S. American weather remains on the radar as well. If you you’re looking at the glass ˝ full, weekend rains lessened some drier pockets in S. Brazil. If the glass is ˝ empty, drier/warmer weather until later this week for both Argentina/Brazil. Beans are at the higher end of the current trading range and should continue to maintain some weather premium for now. Trend traders were thought to be net buyers of 2,500 beans, 2,500 bean oil and net sellers in meal. Traders looking for clues to what Index funds will be doing this week. Weekly inspections remain solid and as expected at 28.7 Mln. bu vs. 33.4 LW. |
bids are subject to change without notice. Please call your elevator for current quotes. Not responsible for typographical errors. No grain purchases or offers will be accepted by e-mail.