Morning Comments August 7, 2019

Bradford test plot with Acre Edge sign

Opening Calls

Corn up 1 

Beans up 1 to 2

Demand and dry weather concerns on late planted corn had the markets lower yesterday. The trade is awaiting to see what the USDA report will bring on the 12th of this month. Any tightness in supply is thought to be short lived with a possible increase in corn acres next year and the South American crop. 

Potential for volatility exist going into and after the report. Contact your local GMA to manage this risk. Reminder price later contracts must be priced or rolled by August 16 at 1pm.