Morning Comments January 4, 2019
Friday, January 4, 2019, 3:01 PM
Submitted by: Landus Cooperative
Corn: penny higher
Beans: 3 -4 higher
Grains trading higher this morning after a stronger day yesterday. The markets find some technical support as fundamental news remains light. Traders are waiting patiently as the government shutdown continues to delay important report. At this point, the January supply & demand report is likely to be delayed along with export reports. Until this gets resolved, there is no real way to confirm sales to China. Globally, Brazil has cut their 2018/19 bean production by almost 4 million tons. Precipitation continues in South America in the areas where they don’t need it. Outside markets also supportive to grains this morning with the U.S. dollar trading lower and crude oil slightly higher.
Really light news right now until we get some government reports. Have a great weekend!
***Landus Cooperative is running a ONE DAY Happy New Year Special on Soybeans sold for delivery during February***
***From now until 4PM, we will pay the following: $8.30 per bushel for February delivery to all locations***
***The one exception is for February delivery to our Ralston soybean processing plant, where we are paying $8.55 per bushel***
Starting Monday, we are also opening FREE Price Later on corn at locations as space allows.
And will also have FREE Price Later available on soybeans at Ralston only.
Please contact your location customer service specialist or local GMA for complete details.