Grain Home
Delayed Pricing for Corn, Beans & Wheat
Corn FREE Starting 12/9/2024
Beans FREE Starting 12/9/2024
Wheat 6 cents / month Starting 7/22/24
GRAIN REPORTS:
Click Here for the 2024 Agricultural Report Calendar.
Weekly Export Inspections: Monday (10:00 am)
Weekly Ethanol Production: Wednesday (9:30 am)
Weekly Export Sales: Thursday (7:30 am)
USDA Drought Monitor: Thursday (7:00 am)
MORNING COMMENTS:
Friday Jan. 10th, 2024
The January WASDE report will be released today @ 11am.
Corn +0
Corn futures were mixed ahead of today’s WASDE report. March 25 futures are trading above all its moving averages. December 25 futures are trading a few cents above its 10-day moving average of 4.44’0. In today’s report, the market is looking for a decrease in US yield and a cut to carry out. There may be a small adjustment to South America’s numbers. US corn export sales were a marketing year low this week. They were down 21% from last week and 70% from the previous 4-week average.
Beans +3
Bean futures are trading slightly higher this morning due to some support coming from bean oil. March 25 futures are trading between its 50-day and 100-day moving averages. November 25 futures are trading a few cents higher than its 10-day moving average of 10.13’6. Processor bids have held steady this week. US bean export sales also reached a marketing year low. They were down 40% from last week and 72% from the previous 4-week average. Argentina’s weather forecasts are showing chances for rain in the next few days.
Spring Wheat -2
Winter Wheat -2
Wheat futures are trading lower in both markets. Mpls March 25 futures are trading below all its moving averages. KC March 25 futures are trading a few cents below its 20-day moving average of 5.51’4. Today’s report shouldn’t bring too many changes to the wheat balance sheet. Most of the pre-report estimates are expecting no changes to the market carryout. Most of the US HRW and SRW acres have received snow over the last week with more in the forecasts.
Hallie T
USDA Report Jan 10th
Yields
Corn 179.3 < 183.1 Dec Down 3.8 bu/acre
Beans 50.7 < 51.7 Dec Down 1 bu/acre
Carryouts
Corn 1540 < 1738 Dec Down 198
Beans 380 < 470 Dec Down 90
Final 2024 Production
Corn 14,867
Beans 4,366
World Grain Ending Stocks
Corn 293.3 < 294.8 Est / 296.4 Dec
Beans 128.4 < 132.2 Est / 131.9 Dec
Wheat 258.8 > 257.9 Est / 257.9 Dec
South American Production
Brazil Beans 169 = 169 Dec
Brazil Corn 127 = 127 Dec
Argentina Beans 52 = 52 Dec
Argentina Corn 51 = 51 Dec
West-Con has Three Shuttle Loading Locations
APPLETON, MN
Hwy 119 S 458 Munsterman St.
Appleton, MN 56208
Scale Ext 1401
Elevator has 3.45 million storage
110 car shuttle loader
Twin Cities & Western
UP, CP & BNSF Railways
HOLLOWAY, MN
520 County Rd 9
Holloway, MN 56249
Scale Ext 1217
Elevator has 8.6 million storage
110 car shuttle loader on BNSF
TWIN BROOKS, SD
47229 US Highway 12
Twin Brooks, SD 57269
Scale Ext 1305
Elevator has 8.3 million storage
110 car shuttle loader on BNSF
GRAIN MARKETING TEAM
Joe Meyer Grain Dept Manager
Chris Aasland Grain Marketing
Hallie Tolzin Grain Marketing
Will Stegner Grain Marketing
Brenda Wilson Grain Accounting
Kayla Golden Grain Accounting