Corn and Soybeans are both even this morning. Grain is focusing on a China trade agreement headline coming out, as negotiations are continuing to happen today. Speaker Ryan has set today as the date the new modernized NAFTA agreement must be to him, in order to complete.
Over the past month corn has pretty well stayed within a dime either direction of where we are currently trading around $4.00 on the nearby board. With planting about to make great strides this week, there will be low likelihood that there’ll be a planting rally. Start watching for weather concerns in areas of the Midwest, which could add some premium.
Make sure to take some time while planting to think on offers and sales for both old and new crop corn. Currently cash levels are sitting around $3.80 for August and $4.00 for January.
Have a Great Day!