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MARKET COMMENTARY

Morning Comments May 29, 2018

Tuesday, May 29, 2018, 8:05 AM
Submitted by: Landus Cooperative


Opening Calls:

Corn steady

Beans -2 to 3

 

There is a lot of information out this morning.  We’ll see where this market heads once it’s had time to digest the following:

Record temps across the corn belt the past several days.

Crude oil is lower again today.  Saudi’s and Russians are talking about increasing production.

Chinese buyers are still looking for more soybean vessels. U.S. reportedly sticking with plans to impose a tariff on certain goods coming from China.

U.S./North Korean summit back on the calendar.

Brazilian trucker strike. Is this more than the “normal” trucker strike this time of year in Brazil?

Issues with wheat crops in more than just one part of the world.

 

We’ll see what the day/week brings, but be prepared. If we see some spikes, do you have offers in place?

 

Have a good week, be mindful of the high temps. Prolonged exposure without adequate water leads to many bad things for humans and animals.

 

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