Morning Comments May 15, 2020

Caseih Planting 70

Opening Calls:

Corn steady to up 1

Beans up 2 to 3 

Corn and beans are trading steady this morning with increasing economic activity pushing crude to the highest level in a month. There is fresh tension between China and the US with the US blocking a Chinese microchip company’s access to the US market. 

Without any weather events, grains are going to struggle to move higher with abundant world supplies. In livestock, the first-ever shipment of meat arrived in the US from Namibia, an African country. At the same time, US farmers prepare to cull fat cattle and feeders due to COVID.

This afternoon, we will release our latest episode of the Bull Bear Banter podcast. You will be able to find it here: https://landuscooperativeexperience.podbean.com/