12/7/23: No additional SRW export sales reported this morning.  Wheat market was off roughly 25 cents from the highs put in yesterday, but have recovered nicely this morning, all 3 classes up 5-10 cents.  SWW prices were able to move a little higher as well up a nickel finally after the aggressive run in Chicago futures.  Weekly export sales for wheat were 356K MT, lower end of the expectations.  Major buyers were Taiwan, China, and Bangladesh.  China did buy a cargo of SWW which showed up in these sales, hopefully that continues.  No SRW showing up in the weekly, meaning that all these sales of SRW have been done in the past 7 days.  Corn sales were 1,289K MT near the top end of expectations.  Major buyers were Japan, China, and Mexico.  Corn market reacting favorably to the exports up 3-5 cents on futures today working towards testing the $4.90 mark again.  Soybean exports were 1,518K MT, also near the high end of expectations.  Major buyers were China and Spain.  USDA report out tomorrow, market doesn’t expect USDA to make sweeping changes to wheat or corn exports so should be a neutral to bearish report from current levels.  Then again if market believes China is going to keep buying the report may end up just being noise.  Digested quickly and not a direction mover.       

***Tri Cities Grain now offering Grain Settlement ACH Payments as well as Vendor ACH payments. 1 page form to fill out in order to set up the process.  Please call with any questions

Click here for the ACH Payment form