Morning Comments April 4, 2019

Early calls:

Corn up 1 to 2

Soybeans up 2 to 3

Wheat up 2 to 3

 

Good morning!

 

More trade talks over night have spurred grains once again to move higher. President Trump is supposed to meet with Chinese Vice Premier Liu today. Trade is expecting them to announce plans to meet with the Chinese President, which means trade negotiations are complete. Weather for the next 7 to 10 days throughout the Midwest is calling for cooler, wet weather.

 

PLEASE NOTE: Our grain policy is changing effective April 1st. The change will be with regard to free time for a delivery. For any new delivery started on or after April 1st, you will have 15 days to make a decision about disposition. These 15 days will also apply to the amount of time allowed for averaging loads on that delivery. On day 16, any open contracts will be filled and the balance of the grain will be automatically placed on open storage unless other arrangements have been made by the 15th day. This change will help the cooperative be more efficient transferring grain throughout the year, and especially during harvest.