Morning Comments October 16, 2019

Harvesting Soybeans

Opening calls:

Corn: 2-3 lower

Beans: 1-2 higher

The weather forecast has changed for Argentina and Brazil, and rain isn’t as widespread as predicted. Conflicting stories are coming out regarding if China has bought soybeans or not. 

Corn is still feeling the pressure from low export demand going forward. Yesterday's crop conditions report was not as bad as trade expected after the poor weather over the weekend.

We have a 2020/2021 Non-GMO soybean program. Please call your local FSA or GMA for more details.