November 20, 2014

We start off Thursday with temps in the single digits with a warm up to the 30's this weekend, I hope that is true because that will feel good.  The markets are in the green this morning after a couple of days in the red and we take a breather and see where we should go from here.  The chart are showing we have hit some support levels and we will have to wait and see if we go through them or not.  We had ethonal numbers out yesterday with lots of production and the stocks on hand stay steady, so they are making money and are making as much ethonal as they can.  We have export sales out today and it will be interesting to see if the U.S. is still high priced on their grains and the world is going elsewhere for  their needs.  It feels like the pipelines are getting filled and the markets are trying to find out where they belong and it will be interesting to see if the board price does the work or if the basis will have too.  All we can do is wait and see and try to keep warm doing that, so with that have a great day!

Wayne
 
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