9/13/2022

Sep 13, 2022


9/13/2022
Considering what the outside markets did today grains hung on pretty well.  The CPI rating came out this morning at 8.3% vs an expected 8.1% and the stock market didn't like it.  Before the open the DOW indicated it was traded up 250 points, but when that number came out, we were down 700 points almost instantly and is currently trading down about 1,000 points.  Crude oil started up $2 today on tight supply early this morning, then traded down $2, and is currently back to unchanged.  The US dollar is sharply higher up 1.364 at this time and currently trading 109.68.  That is not good for exports in a market we are already not competitive in.  Feds will raise interest rates again next round.  The railroad has until Friday night to come up with a deal or their employees strike Saturday.  There is not much new information for the grain markets as we continue to digest yesterday's USDA report.  I feel it is going to be hard for the market to work too much higher as harvest approaches.  

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Mar 11, 2025
The monthly USDA WASDE report was today and it was about as boring as it can get.  The USDA took the month off leaving corn and beans carryouts unchanged.  Corn remains at 1.540 billion bushels and beans at 380 million bushels.  World ending stocks were slightly lowered on both corn and beans.  World corn was pegged at 288.94 million tonnes vs 290.3 million tonnes previously.  World beans were pegged at 121.4 million tonnes vs 124.3 million tonnes previously.  All of the South American crop production estimates were also left unchanged.  
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Aug 23, 2024
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