February 22, 2019 Commentary by Ashton

Happy Friday! Corn, soybean are higher and wheat markets are mixed awaiting word on trade negotiations between the U.S. and China. Have a great weekend!

Spreads yesterdays close:
Corn: H/K 8 ½ carry.
Soybeans: F/H 13 ¼ carry.

Afternoon Update:
Corn, soybeans and wheat markets closed mixed. Markets ran out of steam trying to decipher media accounts on the trade talks.

February 20th, 2019 Commentary by Ashton

Good morning! Corn is higher while wheat and soybeans continue to fall ahead of lower as the trade deadline. No word on an extension. President Trump signaled that trade talks are going “very well” and March first is not a “magical date.”

Spreads:
Corn: H/K 8 ½ carry.
Soybeans: F/H 13 ¾ carry.

** Reminder: Our Average Market Program will begin on March 12th. For additional information, please contact one of our offices **

Afternoon Update:
Corn and soybeans rose while wheat prices continued to fall ahead of trade talks between the U.S. and China.

Average Market Program

This year we will be offering our Average Market Program. We will only be offering this program for old crop and new crop corn since last year’s response with for beans was so small. The last few years the Average Market Program has done well. Pricing will begin March 12. If you have any interest or would like more information regarding our program, please call one of our offices.

Shipman: (618) 729-9009
Carrollton: (217) 942-6991
Lowder: (217) 435-9023

February 19th, 2019 Commentary by Ashton

Good morning! Corn is trading higher while wheat and soybeans are on the defensive after a long weekend. Trade talks between the U.S. and China resume on Thursday through Friday. No word on extension on the March 1 deadline to increase tariffs. 

Spreads:
Corn: H/K 8 carry.
Soybeans: F/H 13 ¾ carry.

Afternoon Update:
Corn, wheat and soybeans were lower as the deadline for trade talks is rapidly approaching. Trade talks between the U.S. and China resume on Thursday through Friday. No word on extension on the March 1 deadline to increase tariffs. There are 8 trading sessions prior the deadline.

February 15th, 2019 Commentary by Ashton

Happy Friday! Corn and soybeans are higher while wheat markets are trading mixed ahead of the weekend. Trade talks between the U.S. and China are complete with no official resolution and will continue next week in Washington. President Trump is considering pushing back US-China trade deadline by 60 days from the March 1 deadline.

Spreads:
Corn: H/K 8 ¼ carry.
Soybeans: F/H 14 carry.

** Once the grain markets close on Friday, they don’t reopen until Monday night in observance of Presidents’ Day. We’ll have our intern in Monday until noon since energy markets will be open, then back for the night session.**

Afternoon Update:
Corn and soybeans rose Friday while wheat markets finished the session mixed in uneventful trade considering the political events that transpired during the session. Stay warm and have a great weekend! Only 32 days until spring!

February 14th, 2019 Commentary by Ashton

Good morning! Overnight trading was two-sided and everything was lower into the break on crummy exports, even though they are old news. China’s corn and beans were weaker overnight. Popular opinion is that Pres. Trump will sign the budget and the government will stay open. Talks with China will likely be on-going and the tariff increase may be postponed.

Spreads: Corn: H/K 8 ¼ carry. Soybeans: F/H 14 ¼ carry.

February 13th, 2019 Commentary by Ashton

Good morning! Corn and wheat are mixed while soybeans are lower early Wednesday. At this point we are heading in the right direction in terms of negotiations with the Chinese. Tomorrow is the last day farmers will be able to sign up for USDA’s Market Facilitation Program (MFP) that provides payments due to the trade dispute.

Spreads:
Corn: H/K 8 ¼ carry.
Soybeans: F/H 14 ¼ carry.

Afternoon Update:
Corn and wheat closed higher while soybeans closed lower in choppy trade.

February 12th, 2019 Commentary by Ashton

Good morning! Corn and soybeans are higher while markets are on the defensive early Tuesday. Senior lawmakers said they had reached a agreement in principle to fund border security to advert a shut down. Look for a choppy day ahead of the next round of trade talks between the U.S. and China.

Spreads:
Corn: H/K 7 ¾ carry.
Soybeans: F/H 14 ¼ carry.

Presidents Day grain trading hours: once the markets close this Friday, they don’t reopen until Monday night, Feb. 18th. No markets Sunday night or Monday during the day.

© 2019 CHS Inc.