This state became the 22nd state on this day in 1819; it is nicknamed “The Yellowhammer State” and has no pro sports team...   

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Morning Grain Comments 12-14-2018 – The night session was interesting in that corn found itself trading higher than soybeans and wheat as ideas of China needing to purchase some U.S. corn circulate through the trade and corn managed to pull the other grains into positive territory before the end of the session.  Again, we need to have sales to use the supply and the news needs to keep flowing to feed the bulls in the markets.  The years that China has needed to import corn, the market can be pretty explosive but the grain trade sure seems to be well-supplied.  The tightest grain right now seems to be wheat so we will continue to watch what is going on in the Black Sea region.  Wheat is a commodity that is grown in many places in the world but the big quality supply is here in the U.S.  At the end of the night session at 7:45 this morning, Kansas City March wheat was a penny higher, Chicago March corn was up 2.5 cents, and Chicago January soybeans were 0.75 cent higher.  Have a great day and weekend.  
 
Afternoon comments 12-13-18 March corn closed slightly lower as this morning export sales were a little disappointing.  Last week’s corn export sales totaled 35.6 million bushel which was below trade expectations.  Informa estimated 2019 corn acres at 91.9 million which was down 905K from last month but 2.9 million higher over this year.  January soybeans closed double digits lower today as today confirmation that China purchased 1.135mmt of soybeans was nowhere close to the 5 to 8mmt rumors that came from the G20 meeting.  Last week’s soybean export sales come in at2 9.1 million bushels which was on the low end of trade estimates.  March KC wheat closed sharply higher today, helped by good export sales.  Last week’s wheat export sales totaled 27.7 million bushels which was on the upper end of trade estimates.  Closing cash bids corn and milo down a penny, soybeans 13 cents lower, and wheat closed the day 9 cents higher.  Have a great evening. 

Alabama

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