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Grain Market Insight
Afternoon Grain Comments 1-15-2021 – Good afternoon. The grains were mixed at the end of the day session today, with nearby wheat in the positive and nearby corn and soybeans in the negative. Profit taking by the funds occurred in the corn market today. Even with corn falling back today it still gained 35 cents on the week. Soybeans fell today as well as fund got in on profit taking. Soybeans had a 42-cent rally for the week. South American forecast look promising for the weekend with Brazil forecasted to get over an inch in a majority of its soy belt. Wheat markets had some “buy the rumor, sell the fact” action going on today. They started the day session with a good rally as it was still rumored that Russia was going to double its export tax, once the rumor turned to fact the wheat market dipped into the negatives, and then rallied right before closing. At the close of today’s markets cash wheat was up 6 cents, cash milo was down 2 cents, cash corn was down 2 cents, and cash soybeans were down 14 cents. Have a great evening!
Morning Grain Comments 1-15-2021 – Wheat got fired up overnight as Russian concerns about wheat exports and their raising export taxes. There is talk that the added export taxes could be extended throughout the entire marketing year. The trade volume overnight was very high with wheat getting more attention than normal but corn far and away was the volume leader. January soybeans are off the board so the March contract is the lead month now. In world grain trade news, Jordan has tendered again for 4.4 million bushels of milling wheat after their purchase that was reported in yesterday’s Grain Market Insight of 2.2 million bushels. At the end of the night session at 7:45 this morning, Kansas City March wheat was 13.5 cents higher, Chicago March corn was down 1.75 cents, and Chicago March soybeans were 9 cents lower. Have a wonderful day and weekend.
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"But my point is that competitive eating is a real sport, and I considered taking it up. But when I thought about what this would mean—sitting around for hours, stuffing my face with unhealthy food—I realized it was basically the same thing as journalism."
December 29 We had a misty slick morning but nothing much in the gage.
December 15 Another snowy day with another 2 or 3 inches.
December 13 Snow starting late Saturday evening into Sunday gave us a nice snow of 8 inches??
December 2 Snow most of the day and into the night gave us 0.5 inch of moisture in the gage.
November 28 A late afternoon/early evening rain of 0.4 inch was received in Sublette.
November 24 An early afternoon hail shower gave us 0.2 inch of moisture in Sublette.
November 9 An evening rain gave us 0.6 inch here in Sublette.
October 26 & 27 we had some light snow but a rain that started in the afternoon on the 28th and into the early morning hours of the 29th gave us 1 inch of moisture.
