May 16th, 2019 Commentary by Ashton

Good morning! Prices are higher this morning as fund short covering continues and wet weather in the U.S. continue to slow field work. The Chinese are preparing to travel to the U.S. for consultations on trade. Few details are being given on negotiations. Talk of more farm aid in the works due to the trade war. Details remain cloudy. I will keep you posted. Weather patterns remain wet into next week. Early estimates for corn planning on Monday are 42-46% complete. Have a great and safe day!

July/Sept Spreads:
Corn: 8 ¾ carry.
Soybeans: 12 ¾ carry.

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