Born on this day in 1954, this man is still college football’s only two-time Heisman Trophy winner... See below for the answer
Grain Market Insight
Morning Grain Comments 8-21-2018 – The grain markets were lower overnight with wheat leading the way lower again. So far, the Pro-Farmer crop tour is seeing good yield potential in both legs of the tour as they work their way across the corn belt. The Monday afternoon crop condition reports showed the corn rating down 2 points this week to 68% good/excellent. South Dakota’s corn crop rating dropped 4 points while Minnesota and Wisconsin both dropped 3 points with Iowa down 2 points with Missouri showing a two point improvement. All of the other states corn ratings were within one point of what they were last week. The soybean good/excellent rating was down one point to 65% g/e with a 5 point improvement in Arkansas, a two point increase in Kansas and Indiana, but 6 point drops in Minnesota and South Dakota. In world grain trade news, Japan has tendered for 168,000 tonnes of wheat from the U.S., Canada, and Australia in their regular weekly tender. At the end of the night session at 7:45 this morning, Kansas City September wheat was 8 cents lower, Chicago September corn was down 2.25 cents, and Chicago November soybeans were 3.75 cents lower. Have a great day.
Afternoon comments 8-20-18 September corn closed slightly lower as beneficial rains move across the corn belt. It is day one of the Pro Farmer tour with early reports of South Dakota 10 bushels better than a year ago and Central Ohio is testing 9 bushels better. Last week’s corn export inspection came in below trade estimates with 43.2 million bushels being inspected for loading. November soybean closed a half cent higher as anticipation of Chinese official coming to Washington later this week help to minimize the bearishness of beneficial rains over the weekend. China’s bean and meal markets were sharply lower today as swine flu stories continue to make headlines. Last week’s soybean export sales totaled 23.5 million bushels which was on the low end of trade estimates. September KC wheat closed sharply lower, pressure by Russian Ag Ministry announcing that it plans to sell 2mmt of its state wheat reserves. Last week’s wheat export sales did come in slightly below trade estimates with only 12.7 million bushels being inspected. Closing cash bids corn and milo down 2 cents, soybeans unchanged and wheat closed the day 18 cents lower. Have a great evening.
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.