7 billion humans have a total weight (biomass) of 350 million tons; name one of the few animals with more known biomass... See below for the answer
Grain Market Insight
Afternoon comments 10-15-18 December corn closed higher today, help by more fund technical buying. Weather forecast are mostly dry for the majority of the corn belt the next two weeks, however cool to cold temps will slow the drying process. Last week’s corn export inspections totaled 39.2 million bushels which was below trade estimates. November soybean surged higher today, helped by a mixed bag of bullish news. Too much rain and snow this past week have trade not only concerned about the quality of the unharvested soybeans but also concerned about higher production losses. Last week’s soybean export inspection is well above trade expectations with 42.5 million bushels inspected for loading, this included 2 cargoes labeled for China. December KC wheat rallied in the final hour to close modestly higher. Last week’s heavy rains that moved across the Southwestern plains have made winter wheat planting more difficult. Last week’s wheat export inspection totaled 16.6 million bushels, which was right in line with trade estimates. Closing cash bids corn and milo up 9 cents, soybeans 24 cents higher, and wheat closed the day 8 cents higher. Have a great evening.
Morning Grain Comments 10-15-2018 – The grain markets were called steady/mixed overnight with continued bearish fundamentals and chart resistance but harvest delays are said to be supportive. One note over the past month is that a majority of the speculative net short in the market has been cut out. The afternoon crop progress reports will be interesting again this week. In world grain trade news, Jordan has tendered for 4.4 million bushels of hard milling wheat, Syria has tendered for 7.3 million bushels of milling wheat, and late Friday Brazil was said to book some milling wheat out of the U.S. gulf. At the end of the night session at 7:45 this morning, Kansas City December wheat was 0.5 cent higher, Chicago December corn was down 0.75 cent, and Chicago November soybeans were 0.25 cent lower. Have a great day.
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October 14 Light rain and a little snow gave us 0.2 inch of moisture.
October 9 We received a 0.5 inch of rain in the early morning hours, another 0.8 inch by noon, and another 0.2 inch the rest of the day for a total of 1.5 inches today.
October 7 & 8 A 0.4 inch of rain in the early morning, with another 0.3 in late morning, 1.6 inches in the afternoon up to 7:30 in the evening with another 0.8 inch of rain by Monday morning at 6:00, then another 0.7 inch the remainder of the day for a total of 3.8 inches.
October 6 A little 0.2 inch rain in the early morning with a little shower in the afternoon.
