Morning Quick Notes

Grains mixed in the overnight session. Currently corn is up 1 ½ cents, wheat up 4 cents, and beans are up a penny.

Morning Headlines
USDA Chief Economist Robert Johansson said yesterday that they’d decide by tomorrow whether or not January 11 reports would be published as planned. They said they “still have time” if funding was restored ASAP.

Reuters reported the coming shutdown of a 110-million-gallon-per-year etha-nol plant in Aurora, Nebraska, saying the idling could last through as long as the summer.

Ukraine's grain exports rose to 23.1 mil tons in the first half of the 2018/19 season from 20.7 mil tons a season earlier, the agriculture ministry said.

Brazil Dec soybean exports were near 4.2 mmt vs 5.1 in Nov and 2.3 ly. Corn exports were near 4.0 vs 4.0 in Nov and 4.0 ly.

Chart of the Day
Today’s charts show price action for the March corn and soybean contracts on Jan USDA Report day, since 1990, along with the corresponding limits for those contracts at the time - possibly to take a look at what we’ll be missing if the USDA postpones the 2019 edition next week. In corn’s case, the answer to that question is “not much” - March corn has moved an average of 2.5 cents on the last four report dates. At least for beans, that number is higher (22+ cents per year), working on three straight SH increases.