Morning Comments June 20, 2019

Soybean Field Sunshine

Opening Calls:

Corn: Down 1 cent 

Soybeans: Unchanged

The weather forecast for the next five to ten days have shown significant improvements with drier, warmer conditions. Along with the weather improvements, the U.S. weekly ethanol production was taken back a bit. The big question now still remains acreage count. How many corn acres were planted, what is the condition of the crop and what will the supply and carryout look like? On June 28th we’ll see the release of the USDA Acreage report, which will hopefully provide more guidance on many of these questions. 

As the market remains volatile, this is a great time to have offers in and working for your operation. Talk to your local Landus Cooperative location or Grain Marketing Advisor for more information.