December 27, 2018 Commentary by Ashton

Good morning! Key reversals lower in corn, beans, and wheats yesterday. Seeing a small bounce overnight across the board. Very thin news today. Congress is expected to reconvene later this afternoon, but no spending bills are expected to be voted on, so the partial government shutdown should continue.

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

Afternoon Update:
Corn and wheat markets rose while soybeans faltered in thin, uneventful trade. Markets stabilized on news the U.S. and China will meet face to face in early January to discuss trade relations. Many areas across the U.S. are experiencing winter storms slowing country movement to a standstill. Cash markets seeing little change with soybean processes seeing nominal changes.

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