Good Morning, Markets are taking a risk off approach this morning as fears grow on the spread of a new Chinese virus that is affecting global travel and trade. Traders also seem unimpressed by China’s comments that they will secure the agreed upon Ag purchases...
Good Morning, Looks like a case of “Buy the Rumor, Sell the Fact” in grains the last two days. Following yesterday’s formal signing of the Phase 1 deal, the market will remain skeptical until we see actual purchases from China. And those purchases will have to be in...
Good Morning, China and the US are scheduled to sign phase one tomorrow which is becoming old news, but the psychological implications of this may be more than enough to move the markets higher tomorrow or Thursday for a short period of time. How they are planning to...
Good Morning, Report Day! Prior to the 11 am USDA report, there is no news that will move the markets. Estimates are listed below. Unless there is something dramatic in today’s report I would expect traders resume trading politics and will start to focus on the size...
Good Morning, Markets are mixed this morning with corn down 1 and soybeans up 2. There appears to be very little action in the markets as traders anxiously await Fridays report. Funds have reduced their short positions in corn and soybeans over the last couple weeks...
Good Morning, Prices are mostly lower following a rather boring session overnight. Outside markets are relatively quiet. Corn is down 1, beans down 2 and wheat off 2. The funds will spend the next three days preparing for Friday’s final production figures and...
