by garrygard | Jul 12, 2018 | Daily Insights, Uncategorized
Good Morning, USDA Supply and Demand report out at 11am this morning. The average corn yield estimate of 174.9 bu/acre may be low given how good the Good/Excellent ratings have been recently (10% higher than last year). Despite the great ratings I would expect...
by garrygard | Jul 11, 2018 | Daily Insights, Uncategorized
Good Morning, The Trump administration raised the stakes in its trade war with China yesterday saying it would slap 10% tariffs on an extra $200 billion worth of Chinese imports by August 30th. Last week the US imposed 25% tariffs on $34 billion of Chinese...
by garrygard | Jul 10, 2018 | Daily Insights, Uncategorized
Good Morning, The corn market gave back Friday’s gains and then some over the last 24 hours. We are down 15 cents in corn over the last two days and down 22 in soybeans in that same timeframe. This type of trade is why I believe producers should have firm...
by garrygard | Jul 9, 2018 | Daily Insights, Uncategorized
Good Morning, We finally saw some strength in the markets on Friday with corn up 8 and beans up 37. 25% tariffs on $34 billion of Chinese imports took effect Friday as well as retaliatory tariffs from China (which included soybeans). China cancelled about 370k...
by garrygard | Jul 5, 2018 | Daily Insights, Uncategorized
Good Morning, The markets will open at 8:30 am this morning after a shortened trade on Tuesday and 4th of July holiday. Some look for a higher corn and wheat open due to ongoing talk of lower World 2018/19 supplies. Still the dominate factor is the trade wars...
