National Grain Summary - Week Ending Dec. 30th
Wednesday, January 04, 2017 7:39 AM
Compared to last week, grain and soybean bids were higher as the 2016 year comes to an end. Trading volume was light due to the holiday. Good export demand for corn and soybeans lend support, along with concerns over the possibility of dry crop conditions in South America. Wheat and corn bids are near from a year ago with soybean cash prices higher than a year ago. Ethanol production for the week ending December 24th was reported at 1.028 million barrels per day, which was 8,000 barrels less than the previous week. Wheat was mostly 1-13 cents higher. Corn was mostly 2-6 cents higher. Sorghum was 6-13 cents higher. Soybeans were 8-13 cents higher.
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO