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Ben Potter discusses factors impacting the market this week. (audio)
February 17, 2018
Total grain market price shifts this week:
Corn - +1.5%
Soybeans - +3.9%
SRW - +2%
HRW - +5.5%
Spring wheat - +0.2%
Export sales reported this week include:
4.6 million bushels of corn for delivery to Japan.
28,000 metric tons of soybean oil for delivery to South Korea.
4.8 million bushels of corn for delivery to unknown destinations
11.5 million bushels of soybeans for delivery to unknown destinations. 7.3 is for delivery during the 2017-18 marketing year and 4.3 is for delivery during the 2018-19 marketing year.
Also there was a cancellation of export sales of 16.7 million bushels of soybeans for delivery to China during the 2017-18 marketing year.
Next week, Ben will be reporting from the USDA Ag Outlook Forum.
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