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Wednesday, December 30, 2015

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Traders continue to struggle to find reasons for the grain market price movement this week. Some are citing the concern China will stop DDG imports and increase movement of corn out of their reserves. This�should increase soymeal or protein demand. However there has been no confirmation of either story.

The Christmas weekend moisture which fell across the Midwest is having an impact on grain futures prices with wheat getting the most benefit. The high water on the Mississippi at St Louis is stopping grain from moving to the gulf causing basis fluctuations at up river locations. The heavy rains are causing flooding and or standing water on wheat fields which is suffocating the crop not in dormancy.