The Ohio Valley eastward to mid-Atlantic and Carolina coastal areas will see rain Saturday. The Pacific Northwest will see a storm system. Middle America will be mostly dry. » More DTN Weather Commentary
Posted at 2:04PM Fri Dec 14, 2018 CST
Quote of the Day
"Not everything that can be counted counts, and not everything that counts can be counted."
The next USDA report is Crop Production/Grain Stocks, January 11, 2019.
Market Comments for December 14, 2018
The markets were mixed today as soybean prices continue to drop with traders wanting bigger sales to China before ensuing a rally. With another record-size crop this fall, the U.S. balance sheet for soybeans has almost doubled in size, compared to last year; made worse by the lack of Chinese buying. China would need to make significant purchases to offset the bearishness of our oversupply of soybeans. Overnight reports indicate that China may begin importing U.S. corn as soon as January, this news help corn stay in the green for a majority of the day. Wheat followed beans lower, lacking a news story of its own.
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