After two weeks of red and the COVID 19 the markets have found a new color green. The head line that has turned all commodities higher is “COFCO is loading the shopping cart”, said to be buying US corn, wheat, milo, maybe US beans. Same news that keeps floating around that the Chinese are buying but seems to have a little more fact with it this time. Wheat has seen a pretty good run the last few days. Domestic demand has seen an increase with the COVID 19 scare and Americans buying flour. Corn has been under the pressure of crude with Ethanol being way out of the market today vs gasoline. This creates a big issue for corn demand, if china buys corn this will help with the demand loss. Beans have been stabilized with Argentine shipping issues and imports looking at US as a supplier. As always, Thanks for your continued support of Elkhart Coop ~ Morgan Walls, GM
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