January 2nd, 2019 Commentary by Ashton

Good morning! Corn, soybean and wheat markets should continue to see slow, uneventful trade. Look for soybeans to open lower and corn and wheat market mixed. The trade was continues with president Trump announcing over the weekend talks are going well and we are seeing some progress with the Chinese.

Spreads:
Corn: H/K 7 ¾ carry.
Soybeans: F/H 12 ¼ carry.

Afternoon Update:
Soybeans lead the way higher and wheat and corn followed in sedated trade. Weather concerns in SA and fund buying supported prices in holiday type trade. Rumors of Chinese buying continue to circulate with no USDA confirmation.

© 2019 CHS Inc.