Home Market Market Watch Seed Consultants Market Watch 10:14 update with Gary Wilhelmi 12/18/2012

Seed Consultants Market Watch 10:14 update with Gary Wilhelmi 12/18/2012

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10:14 update

Wintry mix coming through the plains into the central Corn Belt
Speculative risk shedding
March wheat low last week was $8.01 ½
November low on Jan beans $13.90-14.00 is major support
300,000 tons of soybeans cancelled by China and 120,000 to unknown
110,000 of new bean sales to China —all 12/13
Chance of daily rains in Brazil are well timed
9:57 update

Low volume in all markets based on uncertainty
March corn off 8 cents at $7.16 with support at $7.10
Jan beans continue profit skimming off 25 cents at $14.71
March wheat trails along 4 lower at $8.04
80% chance of rain mixed with snow in Kansas starting tomorrow
Feb cattle staunch above $133
Feb hogs cruise the bottom at $84.90
Dow up 7 as give and take is finally under way on fiscal debate, but so far to go, and the new congressional make up is coming



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