December 26th, 2018 Commentary by Ashton

Good morning! Hope you had a great Christmas! Due to the partial government shutdown, the USDA website will not be updated until a new funding bill is passed. Corn and soybeans are expected to be mixed with some pressure on soybeans due to a lack of any encouraging news on the trade war and favorable weather in South America. 

Spreads:
Corn: H/K 7 ¾ carry.
Soybeans: F/H 13 carry

Afternoon Update:
Corn and soybeans lost ground ahead of a robust South American crop and continued trade war with the Chinese. Favorable weather in South America is seen into the new year with soybean harvest expected to gain speed in January.

© 2019 CHS Inc.