Monday June 1, 2020

  • Social unrest in the U.S. this weekend pressuring the markets lower this morning
  • Tensions also continue to rise with China as they temporarily halted imports of American soybeans in response to U.S. actions in Hong Kong 
    • Despite testing lows on the overnights beans have rebounded to slightly higher this morning
    • Although China has come in in the last several weeks helping keep American Ag products afloat this is the time of year they are typically purchasing beans from South America anyways 
  • Needed heat was provided to the corn belt this weekend although dryness concern still linger