International Grain, Seed and Fertiliser Merchant

Monday 11 December 2017


Daily Grain Comments

  • US markets – soy lower on increased Brazilian farm selling and chances for rains over next 2 weeks for central Argentina. Corn higher, although record US corn yield and slow export pace offers resistance. Wheat lower (new contract lows) just hard to find bullish news!
  • CFTC reports showed that a/o 5th December managed funds trimmed their Chicago wheat short by 3993 contracts (now seen 118781contracts short), also trimmed their short KCBT wheat position by 2910 contracts while extending long Minneapolis position by 984 contracts.
  • CFTC reports showed that a/o 5th December managed funds trimmed their Chicago corn short by 36244 contracts (now seen 160519 contracts short), but extended their long Chicago soybean position by 21472 contracts (now seen 51134 contracts long).
  • Ohio river was closed to shipping traffic due to low water after a vessel ran aground in the area of Paducah, Kentucky. Shipping was expected to remain halted through the weekend, with a queue of 32 (and growing) barge tows waiting to pass through the area.

Last Trade Settlement:

London May ’18 Settle £142.10/t – up £0.05/t from previous close

Paris May ’18 Settle €164.75 – up €0.50/t from previous close

CBOT Dec ’17 Corn Settle $3.4000/bushel – up 1.25 cents/bushel from previous close

CBOT Dec ’17 Wheat Settle $3.9200/bushel – down 2.25 cents/bushel from previous close

Currency Today:

GBP EUR    1.1325

GBP USD    1.3365

EUR GBP    0.8825

EUR USD    1.1795

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Registered Office:
Lindsey House, Hemswell Cliff,
Gainsborough, Lincolnshire DN21 5TH.

Company Number: 534118