USDA – Compared with two weeks ago, feed grade corn demand good, trading three cents higher. Forward contracting moderate. Farmers with high moisture corn and the inability to dry down to acceptable levels are selling on the spot market, rather than storing on farm. Increased price levels on imported corn has improved trade activity and demand for domestic corn.
Feed grade soybean demand and activity moderate, trading 10 cents higher. Soybean meal and oil demand moderate on light trade. Feed HRW wheat demand moderate with most of the activity on the east and west coasts. Trade inactive on all other organic grains. Organic hay in KS trading at 1.10/pt RFV. The NASS National Crop Progress Report for week ending Nov. 26, 2017, shows corn harvested 95 per cent; sorghum harvested 95 per cent; winter wheat emerged 92 per cent.
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*All prices listed in US dollars