Contact Us
Make My Homepage

Corn and Soybeans Firmer Last Week

Grain BinCorn prices last week seemed to be in a base building mode as December corn gained 1-1/2 cents a bushel. Export sales were delayed until Friday because of the Labor Day Holiday Monday. Export sales were at 2.49 million metric ton. Of that total 1.011 million metric ton were rolled over from old crop to new crop because they were not shipped yet. Remember the new marketing year began on September 1, 2017. The commitment of traders report released after the close Friday shower the funds were short 109,723 contracts as of last Tuesday. The funds added 44,778 shorts from the previous week.

Beans saw a pretty good week posting gains of 12-1/2 cents a bushel. However, it was disappointing that beans closed out the week below the 40 and 50 day moving average. With hurricane Harvey hitting Texas and now Irma hitting the Delta you would think the market would be concerned about the soybeans in the Delta. The commitment of traders report showed the funds decreasing their net short position by 16,423 contracts. Soybean export sales came in at 3.88 million metric ton with 2.36 million metric ton rolled over from old crop to new crop.

Best of KDHL

Recommended for You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://kdhlradio.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for KDHL Radio quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive KDHL Radio contests, events, coupons, presales, and much more delivered to you for FREE.