Grain Home

Delayed Pricing for Corn, Beans & Wheat
Corn 4 cents / month Starting 9/5/2024
Beans 5 cents / month Starting 9/5/2024
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:

Tuesday Nov. 19^th, 2024

Corn +1

Corn futures were mixed during the overnight session. The last day for December 24 futures is next Wednesday November 27^th. December 24 futures are trading close to its 10-day moving average of 4.27’0. March 25 futures are trading between its 10-day and 20-day moving averages. Corn futures were pulling some strength from wheat futures and crude oil prices yesterday. US corn export inspections were 820,608 MT yesterday and within the market’s estimates. Dr. Cordonnier left his Brazil and Argentina estimates unchanged this week at 125.0 MMT and 48.0 MMT.

Beans -6

Bean futures are trading lower this morning. January 25 futures are trading between its 10-day and 20-day moving averages. November 25 futures are trading below all its moving averages. Bean futures had a nice rebound yesterday after heavy losses last week. US bean export inspections were 2,165,075 MT and towards the top end of the market’s estimate range. The weather forecasts for Brazil are calling for rain across most of Brazil the remainder of this week. Dr. Cordonnier increased his Brazilian bean production estimate by 1.0 MMT to 166.0 MMT. He left his Argentina bean estimate unchanged at 57.0 MMT.

Spring Wheat +2

Winter Wheat +4

Wheat futures are trading a few cents higher in both markets this morning. Mpls and KC December 24 futures are stuck between their 10-day and 20-day moving averages. Mpls futures continue to try to bounce back from reaching new contract lows last week. US wheat export inspections were disappointing this week at 196,281 MT, which is a marketing year low and below the market’s estimates. Ukraine’s Ag Ministry announced their winter wheat planting could possibly increase to 5.0 million hectares in 2025 vs. 4.6 million hectares this year.

Hallie T

NOPA Soybean Crush for Oct
199.96 mil bu > 196.8 Est.
(a monthly record)
Soybean Oil Stocks
1069 mil lbs < 1090 Est

Production Estimates for Brazil
CONAB Beans 166.14 mmt
Abiove Beans 167.7 mmt
USDA Beans 169.0 mmt
 CONAB Corn 119.81 mmt

USDA Report Nov 8th
Yields
Corn 183.1 < 183.8 Oct
Beans 51.7 < 53.1 Oct
Carryouts
Corn 1,938 < 1,999 Oct
Beans 470 < 550 Oct

Soybean Exports (-25)
Soybean Crush (-15)

USDA Quarterly Grain Stocks
Corn 1,761 < 1.844 Est
Beans 342 < 351 Est
Wheat 1.986 > 1.973 Est

Production
Corn 15.341 < 15.290 Est
Beans 4.162 < 4.164 Est

 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