National Grain Summary - Week Ending Dec. 9th
Wednesday, December 14, 2016 7:53 AM
Compared to last week, grain and soybean bids traded mixed. South America found itself at the center of attention again, with unfavorable weather
conditions in Argentina raising concerns on how it may affect crop yields. In contrast, Brazil’s optimal growing weather has played its part and been weighing on the market in return. Weekly export sales and shipments for wheat totaled 18.5 and 20.4 mb, respectively. This is bullish news for wheat. Weekly exports for corn totaled 58.9 mb, with shipments at 53.8 mb. Both of these may be viewed as bullish for corn. Export sales and shipments for soybeans totaled 53.7 and 68.7, respectively, which also may be viewed as bullish news for soybeans. Wheat was 17 cents lower to 13 cents higher. Corn was mostly 6 to 16 cents higher with Kansas City No 2 truck Yellow Corn 34 to 38 cents higher. Sorghum was 18 to 37 cents higher. Soybeans were 2 cents lower to 2 cents higher.
SOURCE: USDA-MO Dept of Ag Market News Service, St Joseph, MO