Friday May 29, 2020

  • Market is showing its nerves as Trump’s press conference on China is looming, never known if it will push the markets up or down but when ever China is in the headlines it seems to demand a reaction 
  • Corn made an attempt higher yesterday, no major market mover but some improving ethanol numbers as well as pricing in a bit of a risk premium for the forecasted dry spell 
  • Disappointing weekly export numbers for corn, beans and wheat landed in mid range of expectations
    • Wheat is on track to meet or even exceed USDA export projections as we approach the last week of the wheat marketing season – next week they will report the final weekly report for 2019-2020 before we being 2020-2021