USDA* – Compared with two weeks ago, feed grade corn demand good, trading 8 cents higher as delays in harvest and import supplies had buyers aggressively purchasing corn until new crop arrived. New crop corn moisture tests are coming in higher than desired. Forward contracting active mostly on feed grade corn and wheat.
Feed grade soybean demand and activity very light, trading 20 cents higher FOB. Soybean meal and oil trade too limited to trend, but slightly firmer undertones noted.Feed wheat demand and activity light. Trade inactive on food and feed grade barley, oats, rye, sorghum, triticale, and millet. Limited activity on organic dry edible beans.
The NASS National Crop Progress Report for week ending Oct. 22, 2017, shows corn harvested 38 per cent; soybeans harvested 70 per cent; sorghum harvested 47 per cent; winter wheat planted 75 per cent, emerged 52 per cent.
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*All prices listed in US dollars