Market Commentary October 21, 2019

Sillouette Harvest Sunset

Opening Calls:

Corn: 1 to 2 higher

Beans: 5 to 6 higher

Corn closed down Friday with the December contract 3 3/4 lower as export sales remain below expectations. Corn is trading higher this morning as a result of the weather throughout the Midwest. Rainfall continues to delay harvest in many areas, and the USDA will resurvey areas of North Dakota and Minnesota that were hit by snowfall in order to determine lost bushels. The November bean contract closed 2 1/2 higher Friday being supported by confirmation from China that they are working on finalizing a trade agreement. Beans continue to trade higher this morning as well due to increasing weather concerns.