Morning Comments April 7, 2020

Agriculture Cereals Corn 1242 Pixels Free To Use

Opening Calls:

Corn 3-4 higher

Beans 4-5 higher

Dow 741 points higher

Crude oil 47 cents higher

Strength in the equity market and US Dollar weaker, is supporting the grain market today. With the US Corn today the cheapest in the world, markets are hoping to see some world sales. Traders are concerned with the big estimated planting of corn and beans. Some thinking we will see sub $8.00 and $2.50 corn. 

Thursday at 11 a.m. the April WASDE report will be out. 

Friday the CBOT will be closed in observance of Good Friday.