Neutral USDA report with almost nil for surprises and grains responded in kind today – the Jan report will be interesting. This one lived up to its billing.  Technicals firming in Corn and Canola, continued sideways action in Beans and Bearish breakdown in Wheat.  Fundamentally, Weather in S.America is the only real catalyst with big swing potential and I never believe that too much rain at seeding is as Bullish as the market sometimes makes it, so nothing in the news now to be too Bullish about in the next 2-3 weeks short of a Fiscal Cliff announcement that may drive the outsides higher.

FOB Assiniboia, SK (Except for Lentil/Chickpea FOB Farm)

#1Canola:  Dec $13.29(7)   Mar $13.26(5)

#2Y.Pea:       Dec $8.43          Mar $8.43

#1Flax:          Dec $14.25        Mar $14.37

#2GrLentil:    Dec 18.0c

K.Chickpea:   Dec 32.5c

#EthWheat:   Dec $7.24         Mar $7.38

#2AD13.0:     Dec $7.89          Mar $8.25

#2HRS13.5:   Dec $7.72          Mar $7.92

– Better pricing may exist in deferred delivery months.  See “Deferred Real Values” post coming in a few hours.  Marketing Plan Updates/Targets (tonight/tomorrow) will always utilize Real Value prices, reflecting Cost of Carry.

*special “limited tonne” price