Happy Friday! What a difference from Monday morning. Beans are weaker on trade war shadows and the prospect for additional acres. More rain in the forecast pushing corn as December corn hit $4.00 overnight. Corn is set to post its biggest one week gain since 2015. Corn is up 7.7% in just four days. It’s closed higher every day this week.
Can’t get corn planted or concerned about lower yield – do you go to beans or prevent plant? Too late for beans – prevent plant? Prevent plant dates will be here soon.
There’s been some reported comments from China saying if the US didn’t show sincerity in resolving the dispute or take concrete action, there wasn’t any reason for the US to go to China for further discussions.
Have a great and safe weekend!
Corn: 7 ½ carry.
Soybeans: 12 ½ carry.