For to us a child is born, to us a son given, and the government will be on his shoulders. And he will be called wonderful Counselor, Mighty God, Everlasting Father, Prince of Peace.
Merry Christmas to you and your families. Let us be mindful of the Peace of the Season.
Markets will close at 12:05 today and resume trading Wednesday morning.
Markets lower this morning on as expected low volume. At 0630 CH19 of $0.02 ¾ at $3.75 ¾ with SF19 off $0.05 ¼ at $8.79 ½. KC and Chi wheat little changed but north of unchanged.
Dow futures giving up another 127 points this morning trading at 22,278. Crude off .83 at $44.79. US $ Index showing a modest decline.
U.S. Senate adjourned on Saturday, unable to break an impasse over Trump’s demand for more funds for a wall on the border. Source indicates Gov’t shutdown could last until into the new year. Let’s hope we get an agreement before the January 11th crop report. Last time a gov’t shutdown affected a USDA report was Oct of ’13.
Some good rains in Brazil over the weekend with more expected over the next five days. Window of opportunity for Brazilian crop problems shrinking.
No export inspection, sales or other Ag reports expected with the Gov’t shutdown.
CFTC data Friday showed Funds buying more significantly more corn than trade guesses. We now have them net long 112K contracts. Suspect this alone part of the price reaction this morning. Funds net short an estimated 6K soybeans.
Again, wishing all a very Merry Christmas...
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