Corn is currently down three, and soybeans down seven. Similar to last year, it’s tough to find bullish news at the end of August. Currently we are facing trade war headlines, great weather, a lot of old crop yet to move, and having to price CU18 by end of month/month end positioning. The only potential that I see is either coming to the new month and supply and demand reports.
With crop tours projecting strong yields and great weather forecasts, not much is still standing between having a strong harvest come fall. With that being said we need to really look at options to move remaining old crop corn, whether being cash, basis, or other options. Please call to discuss what can be done.
Have a Great Day!