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MARKET COMMENTARY

Morning Comments July 24, 2018

Tuesday, July 24, 2018, 8:07 AM
Submitted by: Landus Cooperative


Good morning!

 

Opening trade:

Corn down 4c

Soybeans Down 2c

Wheat down 5c

 

Grains are trading lower this morning with corn and beans 4 cents lower. The markets are on the defensive this morning as crop ratings were steady to better while traders had expected a drop in both corn and bean ratings. Soybeans improved 1% and corn held steady. This week we are closely watching for any news on the NAFTA negotiations coming from Mexico. News wires say the  president of Mexico wants a quick resolution.  No recent updates regarding China and tariffs…

 

Reminder:  Free price later expires Friday, August 17th!  Landus Cooperative roll over fees are as follows:

Corn: 5 cents/bushel rollover fee plus 1/10 of a cent/bushel per day (approx. 3 cents/bushel per month)

Soybeans: 3 cents/bushel rollover fee plus 1/10 of a cent/bushel per day (approx. 3 cents/bushel per month)

 

*If you choose to roll your price later contract we must have a signed copy of the new contract in our offices by 1pm on the 17th!*

 

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Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
515-817-2100
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