We will be closing out the calendar year on Thursday December 27th at 4:30PM. Anyone that still needs to collect money in the current calendar year, please do so by the end of the day on Thursday, December 27th.
December 11, 2018
Corn futures were fractionally better today with little fresh news, aside from the updated Supply and Demand report from the USDA, which was not real eventful. This report did not have any production number updates with demand numbers being the only ones that saw some changes. Corn carryout was slightly increased from 1.736 billion bushels to 1.781 billion bushels. The ethanol number saw a short decrease while both feed use and exports were left unchanged. Beans posted short gains on the day of a nickel despite the USDA balance sheets remaining bearish. Though soybean carryout was unchanged at 955 million bushels, this is still an extremely large number. World soybean endings stocks also saw little bit of an increase along with Brazilian production estimates being increased. Fresh news on U.S. and Chinese trade was pretty quiet but it was said that the two countries are working out details for a trade discussion meeting. Right now the market perceives any kind of communication between the two as positive. Funds were moderate net sellers on the day with 5,000 corn contracts and 6,000 bean contracts.
This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. The risk of loss in trading futures and/or options is substantial. Each investor must consider whether this is a suitable investment. When trading futures and/or options, it is possible to lose more than the full value of your account.
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