Morning Comments April 1, 2019

Grain Podcast

Overnight:

Corn up 2 to 3

Beans up 5 to 6

 

U.S. and China talks will resume this week. Markets have rebounded this morning as traders think about planting delays and the hopes of a trade deal getting worked out with China.

 

Weather this week is calling for a couple of major storms to move through the Midwest. Traders will continue to watch when the farmer starts to get back into the field.

 

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.