December 20th, 2019 Commentary by Ashton

Good morning! The start of the week brought a good, active trade but the past few sessions have been very quiet and uneventful trades with many stepping back to the sidelines.

Phase 1 news has been supportive and led the rally higher but traders remain cautious and willing to wait to see how things progress and what the fine print brings, some remain sidelined until the deal is signed.

Holiday trade is kicking into effect with traders gone after today for at least a week, many others will remain very close to home awaiting more details.

Have a great and safe day! Stay warm!

Spreads:
Corn:
H/K 6 ¼ carry
H/N 11 ¾ carry
Beans:
F/H 11 ¾ carry
F/N 36 ¾ carry

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