Morning Commentary

Category: Sell Grain

Cargill Morning Commentary - Jan 15, 2019

Good Morning!

The US govt partial shutdown still continuous as now the democrats have rejected to meet for the talks, on top of that no positive news on the US – China trade war situation with slowing Chinese economy creates a volatile trading environment. And also the UK goes through a tough Brexit deal vote in its parliament, the Brexit is supposed to happen by the end of March, 2019. Overall, the ag commodities are all down today and up for Oil and Equities.

Crude oil: $51.79; CAD at 75.28, down 30 points from the morning

Hard Red Spring Wheat - futures trading Mar 19 @ 5.62, down 4c today and the March-May spreads tight at (5c).

Corn – corn march at $3.7275 with mar-may spreads at (8.5c), with corn down ~6c now as the reports for winter crop planting come out positive from Brazil.

Soybeans – beans down 8.5c as March-May spreads at (13.75c) as no news of US-China trade coming.

Canola – Canola down $4 for March and currently at $478.75/mt sliding with the overall ag slide.

The Cargill Network

Tags: market, Corn, Soybeans, Wheat, Canola, chart, futures, sell grain

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