Commodity Comments: 

12/5/2017

Spillover support from the beans helped pushed the corn a couple of cents higher during the session but it just couldn't find enough support to keep the small rally at the end of the session.  The corn market has been struggling for fresh news to keep its head above water.  A milo sale to China for 162T MT was announced today.    

The beans have had an impressive two days worth of trade and it is all related to the drier weather in Brazil and Argentina. Soybean planting in Brazil is sitting at 92% complete, which is 5% ahead of last year.  Argentina is right around 43% planted, but should hit 50% by the weekend.       

Wheat continues to struggle along with the corn.  There does seem to be some concern about possible crop loss and/or crop damage for Australia's wheat crop.  The planting season was very dry and now the harvest is very wet.  The possible winter kill threat for the HRWW areas of the southern US has been put on hold as the warmer forecast moves in. 

The USDA monthly S & D report is out next week as well as the CONAB updates for Brazil.  

As always, Thank You for your business and have a wonderful Holiday Season!

 

Tiffany Heier