Posts By: Ashton Ragsdale

March 21st, 2019 Commentary by Ashton

Good morning! Corn traded both sides overnight, but is leaning higher. Beans saw two-sided, slightly higher trade overnight. Pres. Trump said yesterday about tariffs on Chinese goods, “we’re not talking about removing them.” He wants to make sure any deal will be lived up to by China. Enforcement of any deal is a big topic.

Spreads:
Corn: K/N 9 ½ carry
Soybeans: K/N 13 ½ carry

March 20th, 2019 Commentary by Ashton

Good morning! It’s officially the first day of Spring! Another tight 1 ¼ cent overnight range in corn into the break after trading both sides. Beans only traded a 3 ¾ cent overnight range, but never traded on the plus side. Flooding in the US remains a hot topic and how it will affect spring planting decisions. Will as many bean acres go to corn as predicted earlier? Probably not. Trade talks with China seem stagnant and no news is bad news.

Spreads:
Corn: K/N 9 ¼ carry.
Soybeans: K/N 13 ¾ carry.

March 19th, 2019 Commentary by Ashton

Good morning! Corn and wheat are higher while soybeans are on the defensive early Tuesday. Corn and wheat markets are up on planting concerns and seasonals while soybeans continue to be trading lower on a lack of progress with trade negotiations with the China. Sonny Perdue says Chinese negotiators have offered some “very attractive numbers” and could potentially triple its farm good purchases in the next 5 years. The markets are not reacting. In other news, spring starts tomorrow!! Have a great day!

Spreads:
Corn: K/N 9 ¼ carry.
Soybeans: K/N 13 ½ carry.

March 18th, 2019 Commentary by Ashton

Good morning! Corn is slightly higher, while soybeans and wheat futures are lower to start the week. Choppy trade is expected until we see the perspective plantings on March 29.

Spreads:
Corn: K/N 9 ¼ carry.
Soybeans: K/N 13 ½ carry. 

Afternoon Update: 
Corn, soybeans, Chicago and KC wheat closed lower while Mpls grain ground in choppy trade. Weekly export inspections were deemed weak and the trade war continues causing uncertainty

March 15th, 2019 Commentary by Ashton

Happy Friday! The corn market continues its climb out of the bottom in the overnight session. The bean market bounced slightly overnight as May beans continue to flirt with $9.00. Discussions of a potentially later planting window this spring are already springing up in the market. Feels early to make a fuss about it, but the chatter is out there. Have a great weekend!

March 14th, 2019 Commentary by Ashton

Good morning! Corn and wheat markets are higher while soybean futures are struggling ahead of weekly export sales.
*Please be aware that due to projected river levels, some facilities on the river may be closed at the beginning of next week. *

Afternoon Update:
Corn and wheat markets rose while soybeans lost ground in choppy trade. China is buying U.S. commodities and weekly export sales confirmed recent sales but the tariffs continue.

Spreads:
Corn: K/N 9 ½ carry.
Soybeans: K/N 13 ¾ carry.

© 2019 CHS Inc.