Morning Comments April 5, 2019

Grain overnight:

Corn      down 2-3

Beans    down 4-5

Wheat  down 3-4

 

Good morning!

 

Trade talks yesterday were summarized with” we will know over the next 4 weeks if both parties can come to a deal”.

So trade is trading that this morning as a little negative, because nothing really got worked out.

Weather for the 7-10 day is calling for cool wet weather.  Everyone is waiting to see when the farmer will go to the field.

Also Nebraska is starting to get talked about as to how much of the ground is actually “lost”

Next Tuesday, April 9th is the April WASDE report.  Grade guesses are starting to get released.

 

Tune in this afternoon for our Landus Cooperative Experience podcast, featuring the Bull Bear Banter. http://www.landuscooperative.com/market-commentary/

 

PLEASE NOTE: Our grain policy has changed effective April 1st. The change is in 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.