Growers Edge | Welcome
Select Ag News
November 26 - Morning Comments

ATTENTION: First Notice day is on Friday the 28th. All traders need to be out of their long December grain contracts by the end of today to avoid delivery.

In the overnight session corn increased 2 cents, soybeans declined 2 ½ cents and wheat in Chicago rose 4 ¾ cents as we go into the morning pause in trading. The U.S dollar is trading lower for the 3rd day in a row. This morning 120,000 metric tons of soybeans were sold to China for 14/15 delivery.

400X125_brad NEW

John Deere quarterly earnings report was released today and provided U.S corn and soybean yield estimates. For corn John Deere put U.S yield at 171.7 bushels per acre which is 1.7 BPA below the existing USDA forecast. For soybeans, Deere put yield at 46.6 BPA which is .9 BPA below the latest WASDE report.

The wheat market has been supported recently by the cold weather which has threatened next year's crop in the U.S, Russia and Ukraine. In the U.S winter wheat conditions dropped 2% on Monday in the crop progress report bringing good-to-excellent ratings on the crop to 58% percent. A warming trend next week in the 6-15 day will unlikely help germination for Midwest wheat. The Russian wheat crop has also been suffering from a lack of precipitation which started to affect the area as far back as August. Recently, the situation has intensified with precipitation 60% below normal over the last month. Weather models show no relief in sight for the Russian crop with the next 1-2 weeks continuing to point to dryer weather.

Back to Top
© 2013 Growers Edge. All rights reserved. Home About Us Print this PageContact Us Web Use Agreement Email: Ph: 866.678.3343
    Craig Mouchka, President    Des Moines, IA

Use of this website constitutes acceptance of the Web Use Agreement.
®,℠,™, Trade Marks and Service Marks of Growers Edge
Growers Edge is optimized for Internet Explorer 6.0 and higher and a screen resolution of 1024x768 and higher.
© 2010, Market Data provided by Barchart
Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed.
For terms of use, please see disclaimer.
Contact Us
Refer a Friend