4-16-19
Bulls are still struggling to get any news to get any type of rally going. Hard red winter wheat has been seeing good export business with the down turn in the market. Corn is struggling to compete with South America in export business with cheap price and cheaper currency. Beans also facing the same South America problem but are also suffering from drop in demand. Markets have not seen much reaction from the latest round of news about a China trade deal getting done in May or June. Corn planting is off to a slow start but not slow enough to cause any alarm at this point. As a producer if Dec corn futures get back through the $4.00 thresh hold it will be a good time to get some new crop YC contracted.
Questions?? Give me a call or come by and visit! And as always, Thanks for your Business! Morgan
This material should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any particular marketing decisions.
