Morning Comments October 17, 2019

Grain Corn Pile Closeup

Opening calls:

Corn 2 to 3 higher

Beans 6 to 8 higher

Corn is higher this morning on the hopes that the trade deal includes corn bushels. It has been talked about that most of the purchases will be in beans and wheat.

Also, early combined corn is good, but trade thinking that later planted corn will not see the good yields.

Beans are also seeing support this morning with trade talks and more bean buyers coming to the market.

The dollar index dropped to a 1 month low yesterday. 

Wheat is also higher today with global demand higher.