Morning Comments October 19, 2017
Thursday, October 19, 2017, 8:10 AM
Submitted by: Landus Cooperative
Corn trading 1 cent higher
Soybeans trading 1 cent higher
Corn traded slightly higher on the overnight session. Corn seems to be stuck in a range again. Will take some kind of big news to get it to break out of that range. With big yields and slow exports, it’s hard to see where a breakout to the upside would come from in the near future. Weekly export sales for corn came in above expectations this morning.
Beans also traded higher on the overnight session. Trade will continue to watch for any planting concerns in South America. There have been some reports of planting issues, but in fairly small areas. Soybean export sales came in below the trades expectations this morning.