The next USDA report is Acreage/Grain Stocks: June 29, 2018.
Market Comments for June 20, 2018
The market was mixed to higher today as traders sort through the trade war implications. Markets firmed following yesterday’s selloff after additional tariffs were threatened by the U.S. The recent drop in prices has made U.S. corn and beans some of the cheapest in the world which may entice some buying from countries that would typically get their grain from South America. The U.S./China trade spat has created shipping issues in Brazil as they are still recovering from a trucker strike last month that has left limited supplies of soybeans at the ports to ship to China. The weather in the Midwest remains active today, bringing rains to most growing areas through the weekend. Some areas will see more rain than is needed but overall the weather pattern over the next 10 days is seen as non-threatening to the early development of the crops.
COMMODITY PRICE UPDATES EVERY WEEKDAY
Listen to WBGU, 88.1 FM, Monday - Friday mornings at 7:55 a.m. Scott Alexander, Mid-Wood Market Specialist, gives commodity price updates every weekday.
Give Scott a call at 419-353-6608 for more details on current grain marketing alternatives, or to schedule a farm visit.
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