May 13th, 2019 Commentary by Ashton

Good morning! Corn, wheat and soybean markets continue to drift lower as planting progresses and the trade war continue to pressure prices. Large U.S. and world supplies are also seen as negative. Ag Sec. Perdue said he’s working on a plan to help farmers that he hopes to give to the President within a few day to a couple of weeks. Dry weather is in the forecast for most of the Corn Belt this week with wetter weather next week. Good progress was being made in the north, but it may still be 1-2 days before the central Midwest goes strong. Have a great day!

July/Sept Spreads:
Corn: 9 ½ carry.
Soybeans: 12 ½ carry.

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