Good Morning,
Corn is up 1 and soybeans are down 1 to start the morning. Crude oil is up 80 cents this morning but still lingering below the $50/barrel mark that we have been stuck in for the last month. With US/China trade talks progressing, US Commerce secretary Wilbur Ross says both sides can make a deal that works for both. There were rumors yesterday that China bought at least 3 cargos of US soybeans through March, with some sources hearing as many as 25 cargos had traded. These rumors cannot be confirmed due to the government shutdown. In addition to soybeans there continues to be interest in China purchasing corn and wheat from the US in significant quantities. While they are only rumors at this point, it does show that there is a lot of interest in the US and China moving forward.
Have a Safe Day!
Garry Gard
920-348-6844
ggard@didionmilling.com
