Morning Comments January 14, 2019

Opening calls:

Corn steady to up 1 cent

Beans down 5 to 6 cents

 

Good morning!

 

News remains light as the government shutdown continues. March corn continues to trade in a narrow range, between $3.70 and $3.90 since mid-September. Lack of improvement in South American weather continues to provide “some” support to our corn market. Trade is looking for export news with China once the government reopens.

 

Soybeans seem to have lost the boost they found on Friday. There seems to be an agreement that Brazil’s weather isn’t getting “better,” but it does not seem to be getting much worse at this point.

 

The southern Plains and Midwest saw a true winter storm over the weekend, hindering travel with anywhere from 8 to 16 inches of snow in many areas. On another note, the first seven days of January ranked as one of the 10 warmest for much of the East, Midwest and norther Plains. High temperatures early this week will be 10 to 20 degrees above average for the northern and central Plains into the Midwest.