December 7th, 2018 Commentary by Ashton

Happy Friday! Corn and wheat markets are higher while soybeans are lower ahead of weekly export sales. We are in a holding pattern until we see further information on the trade war. Have a great and safe weekend!

Spreads:
Corn: H/K 7 ¼ carry.
Soybeans: F/H 12 carry.

Afternoon Update:
Corn was pulled higher by good weekly exports, stronger wheat and bean markets. Talks continue with China, but we have yet to see any purchases. The Huawei CFO (and daughter of the founder) had a bail hearing this morning and reportedly faces extradition to the US. Where does that leave the trade talks?

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