Morning Grain Comments, 10/08/2015

Thursday, October 8, 2015

Dec corn got within a tick of $4 early yesterday morning, but it's been all downhill since; that embodies the chart action of the grains in the short-term pre-report, with a ton of technical resistance all around...

South Korean corn processors tendered for 55k tonnes of optional-origin corn.

Saudi Arabia has issued an international tender for 715k tonnes of hard wheat, for Dec-Feb shipment; they last bought 505k tonnes in early August.

Japan bought a total of 119k tonnes of milling wheat in their regular weekly tender, including 31k from the U.S., 68k from Canada, and 20k from AUS.

The United Nations FAO reported a small rise in world food prices in September, with their index rising one point to 156.3 points—still 19% below LY



DOE fuel ethanol production continued to rebound last eek at 950,000 barrels per day on the week ending October , up from 943k bpd the previous week and the seasonal ow at 938k bpd the week prior. Cumulative output continues o run at a record 950k bpd pace, compared to the previous ecord 906k bpd rate through five weeks last year. The SDA is looking for 45 mln bu more corn used in 2015/16 han in '14/15, or a little over 8k bpd of ethanol production.

Unless otherwise noted, the posts on this blog should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any particular trading strategy, promotional element or quality of service provided by INTL FCStone Inc. or its subsidiaries. INTL FCStone Inc. is not responsible for any trading decisions taken by persons viewing this material. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. These materials represent the opinions and viewpoints of the author, and do not necessarily reflect the viewpoints and trading strategies employed by INTL FCStone Inc. or its subsidiaries. Reproduction without authorization is prohibited. All rights reserved.

Market Intelligence Free Trial

Meet the Team

Kansas City, MO
1251 NW Briarcliff Parkway
Suite 800
Kansas City, MO 64116
Tel:+1 (816) 410-5079



Our privacy policy has changed. View our privacy policy to learn more.