Morning Comments November 6, 2019

Sillouette Harvest Sunset

Opening calls:

Corn: 1 to 2 higher

Beans: steady to 1 higher

Grains trading slightly higher this morning after a lower day yesterday. The market is clearly waiting patiently for the USDA report on Friday where many expect the yield to be trimmed lower for both corn and beans. Reports coming from the Eastern corn belt are indicating farmers are pleasantly surprised with how the crop is performing given the growing season. Looking at the bigger picture, traders are also keeping an eye on South American weather and Chinese trade negotiations- both of which have been quiet in the headlines. Harvest continues to plug away in the corn belt with the weather here in the Midwest finally giving farmers a window to get some work done.

We know it’s a busy time of year, however, we would encourage you to spend a few minutes thinking about next fall – what if you could sell some soybeans at $9.00 for delivery a year from now? We think it would be a good idea to put an offer in at that level, especially before this Friday’s WASDE report. Read more about how that report could impact your bottom-line: https://www.landuscooperative.com/news-events/blog/propane-supply-demand-impact-harvest-but-fridays-wasde-could-impact-your-bottomline

Reminder: Landus Cooperative has many different contract options for your grain! Contact your local GMA for more info.

Have a good day!