Morning Comments June 19, 2019

Soybeans Farnhamville

Opening Calls:

Corn down 3 

Beans down 6

Good morning!

This morning grain is trading lower with corn down three and soybeans down six. 

The corn market closed lower yesterday, and now that corn planting is wrapped up, for the most part, the focus will move to crop conditions, yield and the demand. This morning we will see the release of the ethanol production report. After last week’s production exceeded expectations, it will be interesting to see how the report comes out today. The soybean market is also trading lower this morning as traders are waiting for news on the final planting numbers and continue to watch the cold and wet forecast for the next ten days. 

With the market down this morning, this is a great opportunity to talk to your Grain Marketing Advisor about using a Bonus Premium to receive a $0.10 or $0.15 premium on corn with an offer left for a future delivery.