Morning Comments, August 12, 2020

Aerial Farm Land

Corn 1-2 lower

Beans 1-2 higher

USDA August S & D out at 11 a.m. this morning. Tuesday, Dec 2020 corn traded at 3.2350, an interesting fact is that less than 2% of the days have December corn traded below 3.30 on a daily price history over the last 5 years.

Corn tried to rebound a little yesterday after hearing of all of the devastations in Iowa. Estimated 10 million acres affected. 

Also being released today will be the weekly ethanol production and stocks report.

We will update you after the report is out.

Join us for pre-harvest location updates and a chat with our CEO Matt Carstens. RSVP today: https://marketing.landuscooperative.com/acton/rif/42104/e-018f-2008/-/l-tst:0/l-tst/showPreparedMessage?sid=TV2:in6yb00eT