What country’s legislative body (made up of the Houses of Representatives and Councillors) is named the National Diet?
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Grain Market Insight
Afternoon Grain Comments 10-22-2021 – Good afternoon. The grains were mixed at the end of the day session today, with wheat and corn moving higher and soybeans moving lower. Corn was a follower of wheat today. A comment form Stonex, “Again rumors of Chinese buying were floating around but nothing confirmed from the last time the rumor circulated.” Soybeans were a follower of oil share today. Weather forecast improved for much of the soybean growing areas in South America. Wheat was up today on bull spreading. At one point December KC Wheat and March KC Wheat were trading even money before March walked back out to a 2.5 cent carry. Yesterday they were trading a 6-7 cent carry. At the close of today’s markets cash wheat was up 26 cents, cash milo was up 11 cents, cash corn was up 6 cents, and cash soybeans were down 4 cents. Have a great evening and weekend!
Morning Grain Comments 10-22-2021 – The grain markets were higher overnight lead by wheat with December Kansas City wheat gapping 2.25 cents at the open while corn and soybeans both traded only slightly lower before moving a little higher in another session of pretty good volume with a good balance between soybeans and corn. The StoneX Quick Editorial: “wheat surged early on last night on stronger fundamentals and global demand, while corn caught up over the early morning hours after finding solid technical support, and front-end soybeans drove a decent amount of trade volume with choppy but mostly stronger trade overall. The demand side of the ledger is in focus with new-crop corn & soy supplies being quickly processed, and fresh supply-side estimates still more than a week away...” In world grain trade news, Jordan tendered again for up to 4.4 million bushels of milling wheat after buying 2.2 million bushels this week and Tunisia has tendered for 36.4 million bushels of optional origin soft milling wheat. At 7:45 this morning, Kansas City December wheat was 14 cents higher, Chicago December corn was up 3 cents, and Chicago November soybeans were up a penny. Have a wonderful day and weekend.
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