Closing Comments
Lynn Miller
December 31st, 2015
A mixed reaction at the pause with Corn -1, Beans -4, Spring Wheat +2 ½, and Winter Wheat +3 ½. Today is the end of the week, end of the month and end of the year.. oh what fun this could be, or not. Export Sales will be out this morning. Expectations are: Corn 600-800,000t, Beans 1.0-1.4mt, and Wheats 250-450,000t. South American weather continues to forecast needed relief within the next two weeks. Mississippi River closures continue due to significant flooding. The Argentina Farmer is still not selling beans – rumor is the claims exporters are not giving them the full value of the new exchange rate. Due to drought conditions in India their wheat crop is being reduced in size and the government is allowing 1/2mmt of duty-free corn to be imported. This would be their largest import of corn in the past 25 years as they are usually a net exporter.
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