Morning Comments August 6, 2019

Field Sign Detail Clear 2016

Opening Calls

Corn 2 to 3 lower

Beans 1 to 2 higher

The trade was able to shake off yesterday's news about China as the focus has turned to dry weather in the East. The trade is in a wait and see mode ahead of the August 12 report. Bears are pointing to China devaluing its currency and buying no new ag products from the U.S. and bulls are focused on supply and weather. Given the potential for volatility, your grain marketing advisor can offer strategies to help you with your marketing. 

Price later contracts must be priced or rolled by 1:00 pm on August 16. Contact your local GMA for details.