Good Morning,
Corn is down 4 and soybeans are down 15 to start the day. Traders are becoming more skeptical that tension between the US and China is easing. One sign, China has said they will be buying US commodities, however they have not dropped or lowered tariffs.
The corn market has no direction as domestic demand looks to slow with poor ethanol margins. With no fundamental direction, corn is basically following soybeans as we wait for the January 11th USDA report on the final size of the 2018 crop.
Producers looking or needing to move grain before the end of the year have little hope of the market rallying into the end of the year and should take advantage of current cash prices. Producers that can hold off until the January 11th report will have more opportunity and I would advise putting in firm offers and waiting.
Have a Safe Day!
Garry Gard
920-348-6844
ggard@didionmilling.com
