Market Commentary October 23, 2018
Tuesday, October 23, 2018, 1:10 PM
Submitted by: Landus Cooperative
Corn steady to 1 lower
Beans 5-6 lower
Grains are trading lower because harvest is progressing at a normal pace, even though it is more than 25% behind the 5 year average.
Dow Jones, NASDAQ and S & P 500 are down sharply this morning. Asian markets fell sharply because of the fears of trade tensions between the US and China, Saudi Arabia, and Russia.
Better than expected yields are being reported thru the Midwest, which also has the market on defense this morning.
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