Markets

Grain Report - Review August 31, 2012

First things first, markets are closed Monday for celebration of our Labor Day holiday. On the demand side our weekly export sales report came out Thursday at 7:30 AM central time, telling us how much of each grain was sold for future shipment. Wheat sales were 508,000 metric tons up 8% from the week prior and 1% over a neutral four week average. Buyers were drought stricken Mexico with Taiwan and South Korea probably in buying feed quality wheat. We need 700,000 metric tons or more weekly to be demand bullish as ending stocks remain large.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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