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Friday, September 16, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are mixed�on neutral to disappointing demand news. Outside markets will wrap up the trading week watching consumer inflation data.

NOPA Crush was reported yesterday at 131.822 million bushels of soybeans crushed for August, down from 143.715 million in July. Analysts estimated August crush of 136.233 million bushels. Now that we have the�August NOPA crush number, the only remaining data to be seen is from the�non-NOPA crush plants. Right now we estimate only 1.885 billion bushels for old crop crush. USDA’s goal is 1.900 billion bushels.