Weekly Export Sales Numbers Are In

在隔夜session the grains traded lower with December corn down 1 ½ cents, November Soybeans down 5 ¾ cents and December Wheat down 2 ¼ cents as clear weather throughout the majority of the grain belt will allow harvest to progress uninterrupted over the next 11 days. Precipitation early next week might cause some rain delays in the Northwest but widespread delays are unlikely.

There has been some light showers in parts of Mato Grasso over the last day and rains are expected to expand into the north over the next five days which will help planting which has been delayed recently due to dry weather.

寻找7美元的贸易委员会，并以每月1美元的价格进行实时流媒体报价；尝试谷物树篱平台的演示！

Ethanol production declined sharply week over week to 996 thousand barrels per day from 1.033 million barrels per day. Despite the decline production was still above last year’s numbers for the same time period. Ethanol stocks also declined this week to 871 million gallons from 888 million gallons last week. Ethanol production will have to run about 1 percent ahead of last years pace to meet the USDA’s corn used for ethanol estimate of 5.475 billion bushels.

The Buenos Aires Grain Exchange released their latest expectations for Argentina’s 2017-18 corn and soybean harvest. Corn production was seen at 41 million metric tons which is just below the 42 MMT estimated by the USDA in the September WASDE report. The exchange pegged Soybean production at 54 million metric tons which was 3 million metric tons below the latest WASDE report. Wheat harvest was seen at 17 million metric tons which was ½ MMT below the USDA’s most recent projections.

Export sales were strong for soybeans which were well above expectations. China and unknown destinations accounting for 2.4 million metric tons of the 2.982 total sales this week. Wheat sales were also strong this week, up 42 percent from last week and on the high side of analyst expectations. Corn sales on the other hand were a disappointment missing expectations with only 320,000 metric tons sold.

每周出口销售 -

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—Kevin McNew