Ag Purchases Included

©Debra L Ferguson Stock Photography On Thursday the market learned that Santa isn’t real and is digging its heels in the ground. GENERAL COMMENTS: Remember when you learned that Santa wasn’t real? Your parents still got you presents and you still had Christmas, but there was a sense of excitement that was never going to be the same about the Christmas holiday. Thursday was the day the market learned that Santa wasn’t real.

Photo: U.S. Grains Council Grain Inspections Up; Wheat and Soybeans Higher For the week ending January 9, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions reached 2.1 million metric tons (mmt). Total grain inspections were up 6 percent from the previous week, down 22 percent from last year and 4 percent below the 3-year average.

The rice market has become much more interesting over the past week with more developments and movements in the last 6 days than there has been in the past 6 months. This week’s export sales report was reported down as compared to last week’s report with a modest 29,200 MT sold. This number should increase over the next few reports as the overseas markets begin to source more rice and the competition for rice in first hands becomes more intense.