December 28, 2018 Commentary by Ashton

Good morning! Corn, wheat and soybeans are higher to end the week. Look for slow choppy trade to continue into the New Year barring a Chinese agreement. Partial Government shutdown continues. Traders are focusing on trade relations and Brazil and Argentina weather.

Spreads:
Corn: H/K 7 ¾ carry.
Soybeans: F/H 13 ½ carry.

* Have a great weekend! Regular trading hours on Monday day session. No evening markets Monday evening. Grain and oilseed markets reopen Wednesday at 8:30 am ct. *

Afternoon Update:
Soybeans had a nice rebound to end the week. This helped keep corn in the black, but wheat struggled with a mixed close. Bean strength has been tied to China opening the door for the first time to US rice imports. Some see this as a sign of better things to come for soybeans. Officials from the US and China are to meet in China the week of Jan. 7th.

© 2019 CHS Inc.