Good Morning,

Corn is currently even, and soybeans down eleven. Trade saw China purchase 500,000 tonnes of soybeans, the first since the G20 Summit. This is encouraging progress, though many traders were expecting a number ten times higher. US House and Senate passed the farm bill, with Trump the final stop for signature. House vote was 369-47, the bill that 40 million Americans depend on for SNAP.

In my opinion, these headlines are proving that corn has a stable/positive outlook at this time. With that being said, make sure to have firm offers in place and make your targets known. Keep in mind some bids that have been stable over the past week: January $3.60, June $3.75, October $3.73.

Have a Great Day!

Mitch Giebel