Morning Comments August 14, 2019

Shutterstock 526530454 Soybean Fields

Opening Calls:

Corn steady to slightly lower 

Soybeans down 2 to 3 

Good Morning!

Yesterday was a mixed day for grain as corn ended down 16 and soybeans ended up 9 3/4. The corn market traded lower as trade continued to factor in the USDA’s numbers. Demand problems have also been discussed for a while now for the corn market, but now that supply is supposedly not as big of a concern, there may be a time period of consolidation. Soybeans traded higher yesterday as most think it will be unlikely for the yield to be attainable, especially with concerns of an early frost. 

A reminder that Price Later contracts will need to be rolled before 1 pm on Friday, or they will be priced out at the current market price.