As the Midwest rises out of the deep freeze we have been in the last few days the markets are also trying to rise up. Corn is up 2 and soybeans up 12 this morning. The corn market is trading higher while being pulled along with the bean market as trade talks with China progress.
This week’s trade talks were thought to be positive with comment that there has been much progress made toward resolving structural issues. Comments were that there is a lot of work left to do to totally resolve trade differences and discussions are expected to continue over the next thirty days. The March 1 deadline is still in place.
Next Fridays USDA S&D report will be the next day of data that traders have been anxiously awaiting.
I would advise producers to make sales and get firm offers in before this report as we could see volatile trade in both directions.
Have a Safe day!