This company sold its first-ever car on this day in 1903... Look below for the answer
Grain Market Insight
Afternoon Grain Commentary 7-23-2019 – Grains closed mixed today with cash wheat up 3 cents to 3.89, cash milo up 4 cents to 3.61, cash corn up 4 cents to 4.16 and cash beans down 2 cents to 7.36. The drop in corn conditions paired with a tweet stating a potential 15-20 million acre prevent plant number from the USDA-RMA gave the market some support today, though the tweet was deleted. GASC bought 300,000 million tonnes of wheat, mainly from Russia and Ukraine today. Have a great afternoon!
Morning Grain Comments 7-23-2019 – The crop condition reports Monday afternoon showed the national corn good/excellent rating drop 1 point to 57% g/e with the tough states of Indiana, Ohio, and Michigan in the eastern part of the corn belt all dropping 3 to 4 points this week. The Kansas corn crop improved one point to 57% g/e. This rating dropped helped move the night session higher but enthusiasm seemed to wane late in the session as corn ended with a minimal gain and soybeans fell into negative territory. The national soybean rating was steady at 54% g/e with the Kansas crop up three points to 50% g/e. The biggest soybean rating drop came in South Dakota which saw a 5 point drop to 47% g/e. In world grain trade news, flour millers in Taiwan purchased 3.3 million bushels of U.S. milling wheat, South Korean buyers purchased 2 million bushels of corn from Brazil, Egypt has tendered for wheat again, and Japan has tendered for 4.2 million bushels of milling wheat. At the end of the night session, Kansas City September wheat was 3.5 cents higher, Chicago September corn was up 0.75 cent, and Chicago August soybeans were 3.25 cents lower. Have a great day.
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