Morning Comments February 5, 2020

Bin sunset harvest

Opening Calls:

Corn: steady to 1 higher

Beans: 6-7 higher

Corn is getting support from the wheat and bean market. US corn in the world market for February and March is the cheapest in the world. In the last week, Argentina basis has widened out about 20 cents which makes it the cheapest for the April and May time slot. Soybean harvest in Brazil is a little slower than last year. Concerns still linger about the impact of the Coronovirus in China and what China will be buying for soybeans in the near term. 

Averaging contract deadline is fast approaching. Producers that have signed up in the past continue to sign up and use this contract.

Ventures will be Feb 15th in Ankeny. There will be a lot of great speakers including Delaney Howell, host of Market to Market on Iowa Public Television. Registration for members is $40 and non-members is $50. An excellent Valentine’s present for the special lady in your life!

Register Now! http://ow.ly/Evg350y38wi