by Steve Freed,
Grains are higher. CZ is up 4 cents and near 3.78. WZ is up 1 cent and near 4.73. SX is up 7 cents and near 8.74. US stocks are mixed to lower. Crude is lower. US Dollar is higher. Gold is higher.
For the week so far wheat prices are down 4 1/4 in SRW, down 2 1/2 in HRW, down 1 1/4 in HRS; Corn is down 4; Soybeans down 5 1/2; Soymeal down $0.11; Soyoil down 0.19.
For the month to date wheat prices are down 20 1/2 in SRW, down 33 in HRW, down 15 1/2 in HRS; Corn is down 32 1/4; Soybeans down 8 1/2; Soymeal down $0.62; Soyoil up 1.03.
Chinese Ag futures (JAN 20) Soybeans up 20 yuan ; Soymeal up 7; Soyoil down 28; Palm oil down 22; Corn down 5 — Malaysian Palm is up 19.
Malaysian palm oil prices overnight were up 19 ringgit (+0.88%) at 2175 on data showing exports from Malaysia, the world’s second-largest producer, jumped during the first 20 days of this month. Also, a plan by Indonesia, the world’s biggest producer, to boost palm oil consumption by about 38% to 19.26 million tons by 2030
Western Midwest will see scattered light showers with locally heavier on Tuesday with normal temps. Wednesday: near to below normal temps with scattered showers and thunderstorms over southern areas. Some moderate to heavy totals are possible.
Eastern Midwest forecast is episodes of scattered light showers Tuesday. Wednesday: Scattered showers and thunderstorms Wednesday and near to above normal temps.
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