Morning Comments May 8, 2019

Opening Calls:

Corn steady to down 2

Soybeans 2-3 higher

 

Planting concerns are at the forefront of the markets today. Rain amounts of 1-4 inches in already rain soaked areas are predicted for the next couple of days.

Preventive planting is already being talked about in areas of Minnesota, Illinois, and Iowa.

Chinese Vice Premier Liu is scheduled to be in the U.S. later this week to continue with trade talks.

USDA May WASDE report is out this Friday at 11 am Central time.