Corn and Beans were Lower in the Overnight

Corn and soybeans were lower overnight while wheat was in positive territory, trying to turn around the price slide of the past week. In outside markets, S&P futures recovered some of their losses from yesterday while Crude Oil recovered slightly from yesterday’s $40 a barrel mark.

周三，EIA每周的乙醇生产报告显示，每天的产量为52,000桶，每天956,000桶。即便如此，去年同期，年初至今的产量仍增长了4％。同样在周三，美国农业部宣布向未知目的地出售大豆，总计124,000吨。今天早上，美国农业部宣布另一次向中国出售132,000吨。

Overnight, Japan bought 125,000 MT of food quality wheat with 68,000 MT of the deal going to the US and the rest going to Canada. However, wheat prices continue to struggle from lack of competiveness in the world market and an ever-increasing US dollar. The US dollar index has reached its highest point since April 2003, which has helped push wheat prices to their lowest level in 5 ½ years.

S&P futures tried to recover from yesterday’s sell-off lead by the energy sector. Fed chair Yeltsen said yesterday she was "looking forward" to a rate hike that will be seen as a testament to the economy's recovery from recession. The Fed's next policy meeting is Dec 15-16.

Oil hit a 7-year low on Wednesday following an EIA report that showed a 10th straight week of climbing crude oil stocks. The U.S. Energy Information Administration reported an increase of 1.2 million barrels in crude supplies for the week ended Nov 27.

WEEKLY EXPORT SALES

Actual Expected

Corn 499 500-1,100

Soybeans 878 800-1,200

Wheat 392 250-500

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