Morning Comments June 18, 2018
Monday, June 18, 2018, 8:06 AM
Submitted by: Landus Cooperative
Corn down 3-4
Beans down 2-3
Wheat down 7-8
Early calls are lower on grains.
Corn is called lower on concerns of trade issues with Mexico and a wetter forecast for the Midwest.
Beans are called lower on concerns of escalating trade issues with China. Even if things get worked out, how much will they actually purchase this crop year?
Soybean markets in Brazil are struggling because of increased truck rates, which is causing slower soybean movement to the ports.
Fund liquidation is pushing wheat lower.
Crop Progress report will be out this afternoon, trade thinking that crops are going to stay steady in the good to excellence category.