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Morning Quick Notes


Updated on 9/22/2017

Overnight
Near the break corn is 2 cents higher, wheat is up 2 ¾ cents and beans are up 7 ¼ cents.

WTI Crude is off 18 cents, with the Dollar Index off 243 points in early trade.

Morning Headlines
For the week ending September 14th, U.S. All Wheat sales are running down 3% versus a year ago, shipments 2% ahead with the USDA forecasting an 8% decline on the year.

By class, HRW wheat sales are 14% behind, shipments 4% behind with a USDA forecast of a 12% decrease.

The sales of the 2017/2018 crop in Argentina are strong. According to Buenos Aires brokerage Zeni, there a growth of 62.2% on sales compared to the same period of last year.

Most yield reports still suggesting a better than expected corn and soybean crop across the US.

Chart of the Day
Weekly export sales report for the week of September 7 through 14 reported corn sales of 526,867 tonnes, under the 700,000 - 1,000,000 trade expectation. USDA's export goal this year is 1.850 billion. That would be 7% under the average of the sales over the past four years. Current year to date sales are 434 million bushels. That is 16% under the 518 million four year average sale pace.

 
















 

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