Heavy snow Saturday in the central and eastern Midwest, and southeastern Plains. Rain will cover the southern Midwest, Southeast and the Delta. Rain and snow for the Northwest. » More DTN Weather Commentary
Posted at 1:36PM Fri Jan 18, 2019 CST
Quote of the Day
"In the information society, nobody thinks. We expect to banish paper, but we actually banish thought."
The next USDA report is Crop Production/Grain Stocks: TBA.
Market Comments for January 18, 2019
Trade rumors fueled the market today with beans leading the way. Yesterday, news broke that the U.S. is considering lifting some or all of the current tariffs to help encourage Chinese buying; those rumors were quickly denied by the U.S. Treasury Department. Today, Bloomberg reported that China has offered to eliminate its trade deficit over the next 6 years by increasing its purchases of U.S. goods by $1 trillion. It is unknown if these rumors are true but the markets took them as positive news, helping corn and beans close higher today.
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