Grain markets are trading mixed this morning. Very little news happening to move the market. The US/China headlines continue to fatigue the market. There is confidence that a phase one deal will be made but the timing remains in question.
Corn is slightly higher this morning. Export sales are at 31 mln bu which is in line to meet USDA projected level. Ethanol margins continue to improve. Overall conditions on a technical side points to improving price trends during the next 90 days.
US weekly exports were good for soybeans and soyoil. Look for choppy trade as the same old US and China trade deal record keeps playing. The export report was favorable however more sales to China are need to support US soybean projections.
Wheat is slightly lower today. Export sales were within range. Current upside potential for wheat is unlikely. US sales will have to pick up to meet expectations.
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This has been an extremely challenging crop year from start to nearing the finish line. Take care of yourself and be safe so you can cross that finish line.
As bad as some days seem remember, there is always, always something to be thankful for. Thanksgiving reminds us to give thanks and count our blessings.