I hope, in spite of the dismal grain prices currently in front of us, that you can see the humor in many situations and keep your overall perspective cheerful for all.
Demand for U.S. grains now that we have reached 2016 continues to be boring, stagnant, and uneventful. During the last week of December 2015, the trend of soybeans exports larger than corn exports continued what was taking place throughout the fall. Corn export loadings that last week in December were 22.4 million bushels, nearly six million bushels below that of the previous week. Year to date exports from Sept. 1 were 359 million bushels. For the same period a year ago corn exports were 457 million bushels, a decrease of 21%. No one is going to be surprised by the decrease. USDA had already decreased corn exports 100 million bushels in the December Supply and Demand Report compared to the September report.… Continue readingRead More »