Morning Comments June 27, 2019

Soybean Field Sunshine

Opening Calls:

Corn: steady to 1 higher

Soybeans: 2-3 higher

Markets will continue to move sideways until tomorrow's USDA Stocks and Acreage report is out at 11 am.

Just a reminder even at today’s levels with corn and beans, we are still over $1.00 off the lows which happened on May 13th. Corn is at 13 to 20 cents off the highs from May 29th and soybeans are over $1.40 off the nearby highs and 90 cents off the November highs from March of 2018. Sometimes on these reports the USDA will go against what everyone “thinks” they are going to do. These are still good levels to make a sale.