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Change Location
WORTHINGTON
35
Sunny
Feels Like
25 F
Humidity
59 %
Dew Point
22 F
Barometer
30.22 inHg
Winds
SSE 16 mph
Sunrise
07:50:00
Sunset
16:46:00

Mon 12/17

Tue 12/18

Wed 12/19

Thu 12/20

Fri 12/21

High

38 F

38 F

39 F

36 F

35 F

Low

21 F

29 F

29 F

27 F

22 F

Percip

0%

0%

0%

0%

0%

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CFE Grain Comments

12/17/2018

Good Morning!

Wheat is leading markets higher in overnight trade. Wheat is supported ahead of bitter cold temperatures in the Black Sea region and continued heavy rains lowering crop quality in Argentina. Wet conditions in Argentina are expected to continue through the end of the month which could also be detrimental to the newly planted soybean crop. Soybeans are supported on hopes of additional Chinese purchase. The outside markets are a touch supportive as energies are higher while the dollar retreats after trading to a 19-mo high on Friday.

NOAA’s 6-10 day outlook suggests above normal temperatures and slightly above normal precipitation for the Midwest and Plains. The 8-14 day outlook continues with the same theme with exceptionally wet weather expected for the southern Midwest and Delta.

The average trade estimate for today’s NOPA crush report is estimated at 168.44 million bushels crushed in November versus 172.35 million in October and 163.55 million in November of a year ago.

The Federal Reserve will be holding its highly-anticipated FOMC meeting Tuesday, December 18 to Wednesday, December 19. Federal Reserve Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET on Wednesday. Consensus among economists remains that the Fed will raise interest rates; however, the real focus of this meeting will be on the Fed’s language about the central bank’s plan for the future.

The government shutdown deadline is Friday, December 21. If lawmakers and the White House cannot reach an agreement on spending bills, the federal government will shutdown which will close the USDA.

Have a great day!

This Marketing Information provided by

Wayne Kollis - Melissa Peters - Mike Rosenberg
Matt Zeman - Austin Behrendsen
 

@CH9
@CH9
CORN
Last High Low Change Last Updated  
Mar '19 3.8400 3.8600 3.8325 -0.0075 12/17/18 1:00 PM
May '19 3.9150 3.9350 3.9075 -0.0075 12/17/18 1:00 PM
Jul '19 3.9800 3.9975 3.9725 -0.0075 12/17/18 1:00 PM
Sep '19 3.9950 4.0075 3.9850 -0.0050 12/17/18 1:00 PM
Dec '19 4.0300 4.0475 4.0250 -0.0075 12/17/18 1:00 PM
SOYBEANS
Last High Low Change Last Updated  
Jan '19 9.0500 9.0925 9.0025 0.0450 12/17/18 1:00 PM
Mar '19 9.1825 9.2225 9.1325 0.0450 12/17/18 1:00 PM
May '19 9.3150 9.3550 9.2675 0.0450 12/17/18 1:00 PM
Jul '19 9.4300 9.4700 9.3875 0.0425 12/17/18 1:00 PM
Aug '19 9.4825 9.5025 9.4375 0.0525 12/17/18 1:00 PM
SOYBEAN MEAL
Last High Low Change Last Updated  
Jan '19 309.1 309.7 307.4 1.8 12/17/18 1:00 PM
Mar '19 313.3 313.8 311.7 1.7 12/17/18 1:00 PM
May '19 317.1 317.6 315.5 1.7 12/17/18 1:00 PM
Jul '19 320.9 321.3 319.2 1.8 12/17/18 1:00 PM
Aug '19 322.6 322.9 321.4 1.9 12/17/18 1:00 PM
LEAN HOGS
Last High Low Change Last Updated  
Feb '19 63.750 64.400 63.025 -0.750 12/17/18 1:00 PM
Apr '19 68.875 70.200 68.600 -1.175 12/17/18 1:00 PM
May '19 74.650 75.825 74.650 -1.125 12/17/18 1:00 PM
FEEDER CATTLE
Last High Low Change Last Updated  
Jan '19 145.400 147.250 145.300 -2.175 12/17/18 1:00 PM
Mar '19 143.300 145.375 143.125 -2.475 12/17/18 1:00 PM
Apr '19 144.100 145.800 143.875 -2.150 12/17/18 1:00 PM
LIVE CATTLE
Last High Low Change Last Updated  
Dec '18 119.050 119.300 118.600 -0.525 12/17/18 1:00 PM
Feb '19 121.575 122.200 121.100 -0.825 12/17/18 1:00 PM
Apr '19 123.875 124.275 123.400 -0.625 12/17/18 1:00 PM
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