Opening Calls:
Corn 1 lower to 1 higher
Beans 2 to 4 lower
Continued uncertainties around the Coronavirus outbreak in China has led to a “risk-off” attitude among many traders. The stock market took a step back yesterday, and grains did as well. March corn futures lost almost 7 cents and March soybeans were down almost 5 at the close yesterday. This topic will continue to be the main story for a while, but we’re also keeping an eye on proceedings in Washington, weather in South America and declining crude oil prices.
We still have a few weeks before the deadline for the 2020 Averaging Contracts. We’re seeing quite a bit of interest and several people locking in some bushels. Please contact your local Grain Marketing Advisor for more details.
