Carnivorous Fish, Hummingbird, Sky Elephant, and Early Bird were versions appearing in the fifth annual _____ in 1928...
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Grain Market Insight
Afternoon Grain Comments 11-27-2020 – Good Afternoon. All the grains were up at the close of today’s markets with wheat leading the way. Of the 64.9 million bushels of export sales of corn, mentioned in the morning grain comments, 22 million bushels went to Mexico, and almost 3 million bushels went to China. Bringing the total of U.S. commitments to all destinations up to 885.8 million bushels which is 393.7 million bushels ahead of normal pace. China was the biggest buyer of soybeans by purchasing 21.2 million bushels which is down from the 39.9 million bushels purchased last week. The total of U.S. commitments of soybeans to all destinations is 981 million bushels ahead of last year and 587.9 million bushels ahead of normal on this week, and China is the difference. Wheat commitments were led by China with them purchasing 7.2 million bushels of wheat. Marking the first time since 2013 that China has had this many U.S. wheat commitments on this week. U.S. wheat commitments to China are now at 75.5 million bushels. U.S. wheat commitments to all destinations are 66.1 million bushels ahead of last year on this week. At the close of today’s markets cash wheat was up 18 cents, cash milo was up 6 cents, cash corn was up 6 cents, and cash soybeans were up 8 cents. Have a great evening and weekend!
Morning Grain Comments 11-27-2020 – The opening call from StoneX this morning is steady to higher. This is just the opening call, not where the markets will end the day. Reminder - the grain markets will close at noon today. The export sales report at 7:30 this morning showed 64.6 million bushels of corn sales which was above the upper end of the pre-report trade estimates, disappointing soybean sales of 28.2 million bushels but very good wheat sales of 29.2 million bushels and good milo sales of 14 million bushels. I associate the day after Thanksgiving as being a day of generally higher markets but a quick look back to through the past 5 years shows that there has only been one Friday after Thanksgiving that had more of the grains higher than lower. After the sell-off Wednesday there is optimism for the grains today with continued demand for soybeans and weather concerns in South America. Ethanol production continued to rise this week as reported Wednesday to the highest level since the drastic reduction in production due to the Covid-19 pandemic. In world grain trade news, Egypt purchased 6.4 million bushels of wheat from Russia, flour millers in South Korea purchased 1.8 million bushels of wheat from Australia, and corn processors in South Korea purchased 2.4 million bushels of corn from the U.S. We will see where the markets go. Have a great day and weekend.
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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.
September 10 An evening rain shower added about 0.1 inch or rain in Sublette.
September 8-9 Rain at night and a misty/rainy day gave us 1.8 inches in town with reports that varied widely from place to place.
August 28 - 30 A couple of rain showers over the weekend gave us 0.6 inch of moisture.
August 16/17 A night time shower gave us 0.2 inch of rain in Sublette.?
August 5 Another morning rain shower gave us 0.2 inch of rain.?
August 3 A rain shower this moring gave us 0.7 inch of rain by 10:00.
