Market Update for Feb. 16, 2018

Ben Potter discusses factors impacting the market this week. (audio)

Total grain market price shifts this week:

  • Corn - +1.5%
  • Soybeans - +3.9%
  • SRW - +2%
  • HRW - +5.5%
  • Spring wheat - +0.2%
  •  

Export sales reported this week include:

  • 4.6 million bushels of corn for delivery to Japan.
  • 28,000 metric tons of soybean oil for delivery to South Korea.
  • 4.8 million bushels of corn for delivery to unknown destinations
  • 11.5 million bushels of soybeans for delivery to unknown destinations. 7.3 is for delivery during the 2017-18 marketing year and 4.3 is for delivery during the 2018-19 marketing year.

Also there was a cancellation of export sales of 16.7 million bushels of soybeans for delivery to China during the 2017-18 marketing year.

 

Next week, Ben will be reporting from the USDA Ag Outlook Forum.

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