The original Star Wars was released on this day of what year?
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Grain Market Insight
Afternoon Grain Comments 5-25-2018 – What we have is a long weekend with a dry forecast so we had wheat moving higher today and a comment from FCStone this afternoon stated that wheat has “gravity defying ability”. One notable thing with the wheat market was that the trade was called “light” with about half the volume traded today compared to Thursday in Kansas City. Corn followed wheat and soybeans higher today with funds reportedly buying 6000 contracts of corn. The soybean market was supported by demand from China. There are reports this afternoon that the trucker strike in Brazil that was said to be over this morning still has some lingering impact upon grain movement there. Also a factor in the soybean market is South American producers holding soybeans in light of the economy there, most notably in Argentina. The grain markets and Sublette Co-op will be closed Monday. At the close today wheat was 15 cents higher, corn and milo were up 2 cents, and soybeans were 6 cents higher. For the week wheat was up 25 cents, corn and milo were a nickel higher, and soybeans gained 46 cents this week. Have a great weekend and Memorial Day.
Morning Grain Comments 5-25-2018 – The grain markets were steady to a little better in the night session as we head into the three day Memorial Day weekend with wheat making a nice move higher with dry weather issues in the plains HRW wheat growing areas and some wheat growing areas in Russia. The thing with the night session being higher is that in recent days, the night session hasn’t been much of a predictor of what the day session will bring. We continue into a weather market, and the one thing that seems predictable about a weather market is that it is un-predictable. Weather concerns in Australia, Russia, and South America remain but those can change quickly. The trucker strike in Brazil seems to be avoided at least for a time so soybeans and corn should still be moving there. In world grain trade news China reportedly sold another 1.24 million metric tonnes of corn from their state reserves. At the end of the night session at 7:45 this morning, Kansas City July wheat was 7.5 cents higher, Chicago July corn was up a penny, and Chicago July soybeans were 4.25 cents higher. Have a great day and weekend.
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