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Jeff_a_Caldwell
Posts: 1,005
Registered: ‎04-29-2010
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Floor Talk for Friday, Dec. 2

[ Edited ]

Well, we ended about how we started, with corn lower and wheat and beans higher. March corn ended Friday 8 1/4 cents lower at $5.86 1/2 per bushel, while January soybeans were 7 3/4 cents higher at $11.35 3/4 and March wheat was 10 1/4 higher at $6.12 1/4.

 

There's still just no news on the export front for corn, and some expectations are that there won't be much renewed export demand there for a couple weeks yet. So, will it keep trickling lower while wheat and beans ride outside factors higher? 

 

An interesting discussion developing over here on cash corn prices. Hovering around $5 in some areas, are they sagging enough to discourage more intended corn plantings for next year? 

 

Well, thanks for bearing with the B-Team this week. If you have any disparaging words for me to pass along to Mike when he gets back, let me know! Hope everybody has a great weekend! Stay out of that snow! 

 

JC

 

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So, is demand lagging, or is it still strong? Sounds like export demand is the weakling, but it sounds like maybe domestic demand -- namely from feed and ethanol -- is still fairly strong. What are you seeing?

 

That's got the grains sort of floating around on either side of zero, it looks like. After a lower day for corn and beans yesterday, it looks like today's going to at least start higher for all grains. Early calls for the grains are corn 2-4 higher, soybeans 5-7 higher and wheat 4-6 higher. In overnight trading, March corn was 1 1/2 cents per bushel higher at $5.96 1/4 per bushel, while January soybeans were 5 1/4 cents higher at $11.33 1/4 and March wheat was 4 cents higher at $6.06.

 

We going to hang on to these gains today? I hope so, so I can rub it in to Mike when he gets back in Monday morning!

 

JC

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Jeff Caldwell
Agriculture.com Multimedia Editor
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Veteran Advisor
Palouser
Posts: 2,292
Registered: ‎05-13-2010
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Re: Floor Talk for Friday, Dec. 2

For a change wheat will be the leader.

Esteemed Advisor
sw363535
Posts: 4,775
Registered: ‎07-18-2011
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Re: Floor Talk for Friday, Dec. 2

thanks jeff,

tough week to carry the ball.

sw