What is the largest country entirely within Europe?
Look below for the answer
Grain Market Insight
Afternoon Grain Comments 1-21-2022 – The grain markets ended the day mixed with wheat and soybeans lower and corn higher. The corn market was helped today by the strong export sales number this morning after being lower throughout the night session. It seems that corn usually won’t move independently higher without a very good reason. The weather in South America continues to see good rain chances over the next week so we will see if they materialize or not and see how they may impact the corn and soybean markets. For the soybean market, the lack of big sales to China put a damper on that market today after the nice rally yesterday. This could be an interesting market again next week with the weather in South America being a factor. The wheat market seems to be caught up in the news between Russia and Ukraine with mixed signals coming from Washington D.C. regarding the U.S. position on what is going on and what we would do about it if Russia should start to push into Ukraine. At the close today cash wheat was 4 cents lower, milo and corn were up a nickel, and soybeans closed the day 12 cents lower. For the week, wheat was up 48 cents, corn and milo were 20 cents higher, and soybeans were up 44 cents for the week. Have a great weekend.
Morning Grain Comments 1-21-2022 – The grain markets were lower overnight with all of the March contracts leaving gaps (albeit that some are very small) during the night session in another session of stronger than normal volume. The soybean complex (beans/oil/meal) dominated the trade volume during the night session. The StoneX Quick Editorial this morning stated “spot March soybeans drove a strong overnight session of volume, off yesterday’s highs on the open last night but clawing back ever since. Yesterday's rally marked a five-plus month nearby top as Brazilian farmers hoard supplies and presumably push more Chinese business here to the U.S., though the trade is waiting for confirmation of that activity via daily flash sales and the holiday-delayed export sales report this morning. A week-over-week pickup in sales is expected this week for both soy and corn, but both are facing strong comparable tallies from this week last year, and both still have plenty of work to do to hit aggressive USDA estimates for 2021/21.” The delayed export sales report this morning showed 42.9 million bushels of old crop corn sales and 4.1 million bushels of new crop sales. The old crop corn sales were 3.5 million bushels above the upper end of the pre-report trade estimates. The soybeans sales weren’t great with 24.7 million bushels of old crop sales and 19.4 million bushels of new crop sales. The old crop wheat sales came in at 14 million with 2.6 million bushels of new crop sales. The milo sales came in at a pretty good 18.8 million bushels. In world grain trade news, flour millers in South Korea purchased 3 million bushels of milling wheat from the U.S. At the end of the night session at 7:45 this morning, Kansas City March wheat was 3.25 cents lower, Chicago March corn was down 2.5 cents, and Chicago March soybeans ended the night session 6.75 cents lower. Have wonderful day and weekend.
Welcome to the Sublette Cooperative, Inc. website. If you have ideas on information you would like to see on the website, let us know. To contact us call our main office phone number 620-675-2297 or click on "contact us" above for a listing of our telephone numbers.
