Morning Comments, July 15, 2020

Field1

Opening calls:

Corn down 2

Beans up 2

Corn continues its slide lower with cooler weather and rain moving across the corn belt, even after the USDA announced a sale yesterday of 70 million bushels to China, the 4th largest purchase ever. Beans are trading higher following wheat, and gaining support upwards from a weakened dollar and equities turning higher. But political tensions with China can keep a cap on any majors rallies. World equities are rallying this morning following positive news in COVID news with positive results in a vaccine for COVID.