12/17/14 AM Russian export confusion, a battered ruble, and oil induced economic tensions keep futures' market roiled and volatile. New reports and updates and recommendations all flapping in the wind; investors and speculators seek new toeholds. Only Egypt, Turkey, Armenia and India have made Russia's approved export list. ' Technical support appears to be stronger than aging fundamentals. Ultimately, demand will call the ball. According to 'trade sources' , the Chinese Trade delegation inked nine 'frame contracts' for “more than one million Mt" of US beans for delivery in calendar 2015. The same sources claimed that Chinese buyers booked approximately 900 Mt of DDG’s for shipment December-March. This action after the 'unofficial approval 'of Syngenta’s MIR-162 corn variety that created the initial snafu. SWW cash values following Chicago's firmer line. The holiday grip tightens and commerce is usually constricted. Basis losing strength as Chicago fires up.
12/17/14 PM Wheat futures zipped up and 'closed stout' for a fifth consecutive session. Russian headlines dominate the wires and are the genesis for ample amounts of uncertainty, fear and greed. Corn and beans ended higher at the close. Technical buyers and chartist are plotting toward higher marks. "What everyone knows isn't worth knowing." Wags are searching for the next 'big driver.' SWW track buyers pulling their cards closer to their vests and are taking a 'wait and see' approach. Steady by jerks is the call.