Morning Comments November 7, 2019

Grain Corn Pile Closeup

Opening Calls:
Corn: unchanged
Beans: 4 cents higher

Good morning!

Grains trading mixed this morning after a lower day yesterday as no headlines were supporting our market. Soybeans are recovering this morning with news that the U.S. and China have agreed on tariff reductions. Both sides are indicating today that a deal is near. Traders are waiting for confirmation though. The trade is anticipated to be quiet today ahead of the November USDA report released tomorrow at 11 am. We do see weekly exports today at 10 am. There will be many private estimates out today for the report - many are thinking yield will be lowered some again this month.

Think about putting in some offers ahead of the report! You never know what can happen.

Have a good day!