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Monday, November 16, 2015

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are mostly lower as fundamental news remains weak. Outside markets try to determine the impact of the attack on Paris.

The lack of US farmer selling is supporting cash grain prices as end-users continue to raise basis bids to procure grain.

NOPA crush will be released at 11:00 am, trade is looking for around 161 million bushel processed last month and soyoil stocks to be 1.444 billion pounds compared to 1.355 at the end of September.

Weather in South America is the concern to many traders as it could have the greatest element of surprise. Producers in Brazil are estimated to have 60% of their soybeans planted when 71% is normal. The largest soybean producing state of Mato Grosso is 84% done planting. There are some spots of dryness in Brazil and others which received too much rain but in general crops are off to a good start.