Morning Comments May 6, 2020

Planting Drone Landus Cooperative

Opening calls:

Corn: Steady to one lower 

Beans: steady to one lower 


Grains trading mixed this morning as cold temperatures continue across the Midwest. Fundamental news is scarce as most headlines are related to the Coronavirus and how it's impacting the global economy. As many grocery stores limit meat across the country, Tyson Foods announced they will resume limited production at its largest U.S. pork plant this week in Waterloo, IA. The entity had indefinitely suspended operations at the Waterloo, Iowa plant on April 22 to contain the rapid spread of COVID-19. Traders will continue to watch the economic impacts of the virus related to agriculture and also the weather forecast.