Morning Quick Notes

 

Overnight

  • Slight rebound in the overnight with wheat up 2 3/4 cents
  • Corn is 2 1/4 higher and beans are up 2 cents
  • WTI Crude is off 17 cents 

Headlines

  • Markets reacted to news yesterday that Presidents Donald Trump and Xi Jinping would not meet in person as was expected. 
  • Export Sales reported yesterday were good for wheat but were delayed reports from Dec 27th
  • SDA Report today, including updated Supply Demand numbers
  • For the week, Winter Wheat prices are down 14; Corn is down 1 cent; Soybeans down 2
  • Kazakhstan and Russia intend to sign an agreement with Iran on the supply of wheat.

 

Chart of the Day