Morning Comments August 20, 2019

July Soybeans close up 1

Opening Calls:

Corn 4 to 5 higher

Beans 5 to 6 higher

Pro Farmer tour (Follow on Twitter at #PFT19) covered parts of Ohio and the Dakotas yesterday. Main talking point was “How Immature the corn crop is” and “will it make it to harvest?”

Weighing on those reports from late yesterday will be the “beneficial” “million-dollar rain” that happened in Iowa last night.

Also supporting yesterday afternoon was another decline in crop conditions in the Good/Excellent category.

US dollar firmed to 2019 high yesterday and is steady to fractionally higher today.