Good Morning, Corn and beans are both trading lower this morning down 1 and 4 respectively. Traders are watching three things for direction going forward: 1. Today’s election results. 2. Thursdays USDA S&D report. 3. Chinese and US trade talks. Today’s mid-term...
Good Morning, After mutual statements of optimism about trade talks from Presidents Trump and Xi yesterday, the markets responded with sharp price gains led by soybeans. While this was a great move in the markets (corn up 3 and soybeans up 30) producers need to...
Good Morning, Here is the news that is moving the market today: Just had a long and very good conversation with President Xi Jinping of China. We talked about many subjects, with a heavy emphasis on Trade. Those discussions are moving along nicely with meetings being...
Good Morning, It appears that weaker markets are in store to end the month. October offered some hope as we rallied 22 cents in the first 15 days only to fall 15 cents in the last 15 days. With heavy harvest activity and little to no news on the political side the...
Good Morning, Fridays rally in the corn market was driven by wheat prices. With the US securing some of the Egyptian wheat tender last week we saw wheat make a nice rally. Right now this is appears to be the only support that corn can find. I look for corn direction...
Good Morning, Corn and soybeans are currently up seven cents each. This is ahead of a wet forecast, which could slow down harvest progress for a week. • USDA reported export sales of 260,000 MT of soybeans to unknown destinations. • Buenos Aires Grain Exchange reports...
