Grain 12/14/18 8:28:55 AM|
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Closing Grains December 13, 2018
March Futures Price $3.84 1/4 (-1 cent)
Corn futures continue volley in a narrow range. March futures closed 1 cent lower at $3.84 1/4 cents per bushel, continuing its small sideways range that established starting December 3, following a gap higher on the chart. Corn exports for the week were neutral/bullish as corn sales remain above last years levels; total shipments are up 79 percent over last year according to USDA.
March Corn Chart
January Futures Price $9.07 (-13 cents)
Soybean futures declined 13 cents per bushel Thursday following USDA’s export inspection report was still disappointing despite a sale to China. There were 41.5 million bushels of soybeans sold to China, which was the first large sale, but still leaves exports well behind the USDA’s projected figures and behind last year. January soybeans closed at $9.07 per bushel.
March Chicago Futures Price $5.36 (+9 1/2 cent)
Wheat futures gained 9 1/2 cents per bushel in the March contract to $5.36 per bushel.