Closing Comments

Lynn Miller

November 25^th, 2015

Happy Thanksgiving to each of you.  Enjoy your day with family and friends and be thankful for all that is around you.  (And for green markets!)

Free DP on Soybeans – effect immediately for all new deliveries.  So be sure to take advantage of the nice weather for hauling!

Reminder:  No overnight markets tonight.  No markets tomorrow.  We reopen for a short session on Friday from 8:30 – 12:05.

Overnight action is mixed with Corn +1 ¼, Beans -1, Spring Wheat +3 ½ and Winter Wheat +2 ½.  Most traders are playing to the same old tune this morning as the dollar is higher and crude is again under pressure.  Corn and soybeans probably have a small sense of euphoria going with the EPA biofuels mandates about to be released with rumors they will raise the ethanol mandate.  Expect this out on Friday (or maybe Monday).   Brazil weather continues to bring rains.  US Winter Wheat country continues to see rains.  Egypt bidding for wheat today, France is the lowest bid but Russia is still competitive.

Lynn Miller

Closing Comments

Lynn Miller

November 24th, 2015

Total disappointment on my part that there was zero follow through on the key reversals we say yesterday.  Although, none of the price actions today totally voided the signal either.  Just because, I’m going to blame this one on Turkey having the guts to shoot a Russian war plane out of the sky last night and then kill one of the pilots after they ejected.   You just know there isn’t anything else fundamentally negative out there … (cough, cough)

Lynn Miller

Closing Comments

Lynn Miller

November 20^th, 2015

South Dakota Holiday tomorrow – Opening East River Deer Season.

You all hunt safe – and get a big one!

Corn:

Another 2-sided trade today that managed to end near unchanged.  Farmer selling remains absent as the futures refuse to rally.   The trade is already looking forward and expecting at least two more weeks of light sales due to strong competition and the upcoming holiday. 

Closing Comments

Lynn Miller

November 19^th, 2015

Corn:

Finally – one decent week of export sales.  779.80 tmt was the number for exports this morning, coming in at 80 tmt above expectations!   Mexico was the biggest buyer.  Add a lower dollar to the mix and I would have thought we’d get a better bounce, but the market knows we have a lot of corn to sell to catch up so this is just good news.

Closing Comments

Closing Comments

Lynn Miller

November 13^th, 2015

Do you suffer from friggatriskaidekaphobia?   What is this tongue- twister you say?  Well its fear of Friday the 13^th.   Research says, it affects 17 – 21 million Americans.

Closing Comments

Lynn Miller

November 12^th, 2015

Outside factors working against us today:  the Dow has fallen 1%, pressured by equities on the consensus the Fed will raise interest rates, the dollar is slightly lower and crude is down over $1 on a weekly building of stocks.

Closing Comments