OFFICE WILL CLOSE ON WEDNESDAY AT NOON --- WILL OPEN AGAIN MONDAY DECEMBER 1 -- HAVE A HAPPY AND SAFE THANKSGIVING FROM ALL OF US AT ALMIRA FARMERS WHSE. CO.
11/26/14 AM Overnight wheat futures traded on both sides of yesterday's close. Volume light to moderate. Charts are interpreted as 'constructive'. Most action came in the corn pit where players were rolling out of Dec positions into March. Cold US wheat crop weather is the 'reason of the day' fanning fears that planted wheat could be damaged. Also, output worries over new crop Russian and Ukrainian wheat has given some buyers a backbone. However, slack global demand for US corn and wheat will limit gains on today’s trade. Friday is first notice the December futures Today is first position day for December grain futures. Traders need to be out of December positions by today's close to avoid delivery. SWW prices remain steady. Traders talk of 'rationing demand' for the remainder of the crop year. Projected export and domestic needs should clean out a high percentage of old crop stocks. A tight to tighter SWW S&D sheet is today's general consensus.