Happy Veteran’s Day and Thank You to everyone that has and still does serve our nation!
Weaker markets to start the week off with corn down 2 and soybeans down 9.
The trade negotiations with China appear to have slowed again over the weekend as president Trump denied that he has agreed to rollback tariffs.
With Fridays report behind us and no major surprises in the USDA’s numbers from the October report, traders will now have little fundamental news to move the markets for a couple months. The weekly progress report will be delayed until tomorrow due to Veterans Day. Trade is looking for tomorrows report to show 65% of the nations corn and 85% of the nations soybeans harvested.
There are no major weather changes in the 1-5 day forecast for Brazil with rains still expected to help replenish the moisture profiles across the central and northern soybean growing regions.
Have a Safe Day!