Morning Comments, June 18, 2020

Agronomy Sprayer

Opening Calls:

Corn: 1 to 2 higher

Beans: 2 to 3 higher

Corn is trading higher this morning ahead of the weekly export sales report. Weather will continue to be the main focus as the forecast is calling for rain, and soil moisture in most of the corn belt is near ideal. Bears continue to look at the decrease in yearly ethanol production as well as the potential for additional competition from South America. 

Soybeans are trading slightly higher this morning following the corn market. Bears continue to be concerned about the potential for a rally from the ideal weather and the increased production while bulls continue to watch for buying from China.

Do you still have an old crop in the bin not marketed? Do you need to get some new crop sales on the books? Give your local Grain Marketing Advisor or Customer Service Specialist a call to discuss today