January 18th, 2018 Commentary by Ashton

Happy Friday! Thursday’s rally, ripe with rumors, pushed prices higher and that was continued overnight. Yesterday’s rumors included the US selling wheat to China and talk that the US would lift some tariffs on Chinese goods. Nothing was confirmed. Everything traded both sides overnight with prices in the black heading into the break.

Spreads:
Corn: H/K 8 ¼ carry.
Soybeans: F/H 11 carry.

January 17th, 2019 Commentary by Ashton

Good morning! Corn, soybeans and wheat markets are higher. Prices appear to be carving out a range at current levels. No weekly export sales today since the government is still closed. However, note that some FSA offices will reopen today, tomorrow and Tuesday, Jan. 22 (closed Monday for the MLK holiday).

Update: Corn, soybeans and wheat markets rallied on little solid news. Speculation that China bought U.S. wheat, technical buying and up coming trade talks may have attributed to the gains.

Spreads:
Corn: H/K 8 ¼ carry.
Soybeans: F/H 11 carry.

Reminder: We are still loading corn barges at Southport- if you have any interest, please let us know. *Markets will be closed on Monday 1/21/19 in observance of MLK Day. *

January 16th, 2019 Commentary by Ashton

Good morning! Saw a corrective bounce overnight across the board after yesterday’s sharp losses. Corn gapped higher from yesterday’s close in overnight trading, but we saw that happen yesterday and it didn’t end well. Corn traded a 2 ¼ cent overnight range on a bounce from yesterday’s losses. Beans also gapped higher overnight from yesterday’s close.

Spreads:
Corn: H/K 8 ½ carry.
Soybeans: F/H 11 carry. 

Reminder: We are still loading corn barges at Southport- if you have any interest, please let us know.
*Markets will be closed on Monday 1/21/19 in observance of MLK Day. *



January 15th, 2019 Commentary by Ashton

Good morning! Overnight trading was higher early – corn gapped higher from Monday’s close in a 2 cent overnight range; beans and wheats were higher early, but erased the gains and were trading just off their overnight lows in the red heading into the break.

Spreads:
Corn: H/K 8 ¼ carry
Soybeans: F/H 11 carry

Additional Notes:
**We have corn barges at South Port, if you have any interest in dumping here please let us know
**Markets will be closed next Monday, January 21st in observance of Martin Luther King Day

January 14th, 2019 Commentary by Ashton

Happy Monday! Corn, wheat and soybean markets are lower Monday due to the continued trade war, government shut down and a large South Americana crop. The government remains closed breaking the previous record of 21 days. Chinese negations are taking longs that expected with the next meeting scheduled in the U.S. on January 30 and 31 and the markets want more clarity from the discussions.

Spreads:
Corn: H/K 8 ¼ carry.
Soybeans: F/H 11 carry.

Afternoon Update:
Beans stayed under pressure today, despite the good inspection number, on expected rain in Brazil and weaker Chinese demand. Corn traded both sides with good inspections and on-going chatter about China buying ethanol and/or corn/DDGs.

CHS Reports $347 million first quarter fiscal 2019 net income

Winter scene

CHS Inc. has reported a net income of $347.1 million for the first quarter of fiscal 2019. “Our strong first quarter results position us well as we start our 2019 fiscal year,” said Jay Debertin, CHS president and chief executive officer. “We are focused on making CHS our customers’ first choice by advancing our technology solutions and equipping employees to meet the changing needs of our customers around the world. We will do this while maintaining financial discipline and rigor.”

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January 3rd, 2018 Commentary by Ashton

Good morning! Corn and wheat markets are higher while soybeans are mixed in early trade. Chinese trade deal appears to be moving in the right direction. Keep an eye on SA weather. Rains are being reported in Brazil.

Spreads:
Corn: H/K 7 ¾ carry.
Soybeans: F/H 12 ½ carry.

Afternoon Update:
Corn was extremely quiet today, but found late buyers. Beans also saw buyers show up late to close near the day’s high. *** On Friday 1/3 beginning at 12pm we will be loading beans from Southport, if you have any interest in dumping here please let us know. thanks!

January 2nd, 2019 Commentary by Ashton

Good morning! Corn, soybean and wheat markets should continue to see slow, uneventful trade. Look for soybeans to open lower and corn and wheat market mixed. The trade was continues with president Trump announcing over the weekend talks are going well and we are seeing some progress with the Chinese.

Spreads:
Corn: H/K 7 ¾ carry.
Soybeans: F/H 12 ¼ carry.

Afternoon Update:
Soybeans lead the way higher and wheat and corn followed in sedated trade. Weather concerns in SA and fund buying supported prices in holiday type trade. Rumors of Chinese buying continue to circulate with no USDA confirmation.

© 2019 CHS Inc.