Morning Comments December 4, 2019

Combine Grain Cart

Opening calls:

Corn steady to 1 higher 

Beans 5 to 6 higher

Soybeans are currently trading at a 6 week low. Compared to this time a year ago cash price at Boone today is $8.02 vs a year ago at $8.25.

Soybean funds are also getting more bearish in their position. U.S. and China talks continue and are quoted as “getting closer” to a trade deal.

Reuters poll that was released is estimated an increase in corn production for Brazil about 3.5% more hectares.

Weather right now in Argentina is dry and the forecast is for very little rain in the 7-10 day.