National Grain Summary - Week ending Dec. 2nd, 2016
Wednesday, December 07, 2016 8:50 AM
Compared to last week, grain and soybean bids traded mixed. Corn was pressured by lack of demand and sufficient supplies. All eyes are on the South American crop as conditions look favorable which also weighed in the market. Weekly export sales and shipments for wheat totaled 18.0 and 8.8 mb, respectively. This is neutral news for wheat. Weekly exports for corn totaled 39 mb, with shipments at 31.8 mb. This may be viewed as neutral for corn. Export sales and shipments for soybeans totaled 53.4 and 87.6 mb, respectively. This may be viewed as bullish, as both numbers were above the amount needed to keep on pace with demand projections.
Source: USDA-MO Dept of Ag Market News Service, St Joseph, MO