With the blizzard in Washington D.C. over the weekend, harvest progress as of Sunday was delayed until today, below is a chart with estimates by the USDA of what acres are left in the field:
Colorado 19,000
Illinois 590,000
Indiana 109,000
Iowa 267,000
Kansas 77,000
Michigan 119,000
Nebraska 623,000
North Dakota 560,000
Ohio 31,000
Pennsylvania 62,000
South Dakota 552,000
Wisconsin 348,000
Total Acres 3,912,000 or 621,000,000 bushels!
Grain markets are being played around by technical traders as volume remains very light with moving averages being looked at to either find support or provide further fuel to selling opportunities. South America weather continues to be great which is pressuring soybeans as of late. I would like to wish everyone out there a Very Merry Christmas!
Scott Meyer
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