Good Morning, Softer to end the week is going to be the story today. Corn is currently down 4, beans down 5 and wheat down 8! Traders continue to be concerned about the impact of the virus in China and how this could impact trade. Weather in South America remains good...
Good Morning, The combination of excellent weather in South America and fears over the coronavirus have pushed beans lower again this morning. As we get closer to February expectation for high yields in Brazil will continue to weigh on beans. Soybeans are down 8 with...
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...
