Morning Comments February 3, 2020

Agronomy Young Soybeans

Opening Calls:

Corn: 1-2 lower

Beans: Steady to 1 higher 

Nearby beans were at their 8 months low last night and since the beginning of January, down almost $1.00. Chinese buying still is still not being seen in the market place. 

With the price drop of corn and beans, the U.S. is currently the cheapest place in the world for both commodities. Hoping now that China will start purchasing grain because of this and that they are back from their New Year. 

Averaging Contract is available and a great marketing tool. Sign up at least 10% of your insured production.

A great Valentine’s present for that special female in your life - Ventures, February 15th in Ankeny.