Good Morning, The markets are sharply lower again this morning with the expectations that President Trump will announce the implementation of new tariffs on Chinese imports today. There is also talk of a second list of tariffs that are expected early next week if the...
Good Morning, The next 48 hours are going to be very critical to the long term trade as the world waits to see if the US follows thru on its Chinese tariffs that are supposed to be implemented tomorrow. Traders are fearful that if these tariffs are implemented, we...
June 13, 2018 Good Morning, Corn is down one and soybeans down ten to start the day off. Mixed emotions shown to the market today between decreased stocks and more tariff news. USDA pegged stocks to use at 10.8% yesterday, which is the tightest level since 2013, this...
Good Morning, Additional technical selling in corn, beans and wheat yesterday as traders continue to unwind their long positions with good crop ratings and favorable weather. Yesterday’s weekly corn ratings dropped 1 point to 77% G/E which compares to 67% last year...
Good Morning, Favorable weekend rains across the US along with continued fund liquidation has the markets seeing red this morning. So far this morning corn is down 3, soybeans down 7 and wheat is down 4. After Fridays close the Funds were long 60,000 corn and 36,000...
Good Morning, Steady markets to start the day after a bad week for the grains. Corn has traded lower 4 days this week losing 15 cents while soybeans have traded lower all 5 days this week losing 48 cents as of 830 am. There are several factors pressuring the markets...
