January 3rd, 2020 Commentary by Ashton

Good morning! Happy Friday.

Shaky markets all around with a little feeling of being overbought from yesterday and the U.S. utilized drones in the killing of Iran military leader in Iraq. Grain news is limited again this morning so the middle east will grab everyone’s attention today.

Market still wants to go higher if we can get a deal signed and see a friendly report next week, but heading into the weekend I think we’ll see weaker numbers for the day.

The January WASDE report comes out next Friday, the 10th.

Unrelated to the markets- Today, January 3rd, will be my last day with CHS. I appreciate having had the opportunity to work with you all.
Thank you for the support and encouragement you have provided me during my time at CHS.
Even though I will miss my coworkers, customers and the company, I am looking forward to starting a new phase of my career.
Please keep in touch- I can be reached at my personal email address (ashtonragsdale18@gmail.com). Thanks again, it’s been a pleasure working with you.

Have a great and safe weekend!

CH first support at the 50-day MA at 385 ½, then 383 ¼. Next resistance at 392 ¼ – 395, then 400.
SH support at 946 ½, then 936 ½ – 930.  Resistance at from 967 – 970. 

Spreads:
CH/CK carry at 6 ¼ cents.
CH/CN carry at 12 cents.
SH/SK carry at 13 ¼ cents.
SH/SN carry at 25 ½ cents.

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