Good Morning, Markets are mostly higher with corn up 3, beans up 1 and wheat unchanged this morning. With only 4 trading sessions remaining between now and the NASS Quarterly Stocks/ Seeding reports I expect to things trade sideways with rallies limited by the...
Good Morning, Futures were down sharply in overnight trade. Corn had been down 8 cents and beans down 14 off of comment that came from US Presidential Aide Peter Navarro. Fox news reported that he said the US Phase One deal was over. President Trump was quick to take...
Good Morning, High-level meetings between Secretary of State Pompeo and a Chinese Communist Party Politburo Yang in Hawaii yesterday were productive. Pompeo was able to secure new assurances that China would still comply with the Phase 1 trade deal and its associated...
Good Morning, Markets are trading lower as spillover selling from the outside markets casts a shadow over the CBOT Ag complex. Corn is down 4, beans down 5 and wheat down 6 cents. Trader are paying close attention to the price of gasoline as the US economy tries to...
Good Morning, Yesterday’s crop report showed very limited changes on the balance sheet. The USDA lowered 2019 production by 46 million bushels, and took out 50 million bushels of ethanol demand, making for a net change into new crop of 5 million bushels higher....
June 11, 2020 Good Morning, Corn is up 2 while soybeans and wheat are down 2 to ahead of today’s WASDE report that will be released at 11am central time. Estimates are listed below. 2019/20 US Carryout (billion bu.) USDA June Ave. Est. USDA May Corn 2.103 2.150 2.098...
