|
Contract |
Net Chg |
Last |
High |
Low |
|
Mpls Wheat Dec'11 |
+12'2 |
888'6 |
895'0 |
878'4 |
|
KC Wheat Dec'11 |
+7'2 |
707'0 |
715'6 |
699'6 |
|
Chi Wheat Dec'11 |
+7'6 |
633'0 |
639'6 |
623'0 |
|
Corn Dec'11 |
+4'4 |
610'0 |
617'0 |
604'0 |
|
Soybeans Nov'11 |
+11'4 |
1175'2 |
1182'6 |
1158'4 |
Grains-
Opening grain calls are higher across the board, with corn + 3-4, beans +10-12, and wheat +6-8. Outside markets are mixed, but the US dollar is firmer this morning, so be cautious about how much strength or follow-through the grains will exhibit during our day session. Weekly Export sales were impressive today, with corn at 50+m.b., beans at 25+m.b., and wheat at 16m.b. These are collectively the best sales we`ve seen in awhile and should confirm that lower prices are bringing some demand back to the grain markets.
Tim Roth
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