The next USDA report is Crop Production, June 11th.
Market Comments for May 24, 2019
The markets took a breath late in yesterday’s session before returning to trading weather forecasts today. The grains continue to search for direction with forecasts that won’t allow for planting with new trade aid that seems to demand it. President Trump and the USDA rolled out a new aid package yesterday to help farmers impacted by the trade war. There were also overnight rumors that the White House is considering raising the insurance guarantee percentage from 55% to 70-90% for farmers that claim “prevent plant” benefits. There is little other trade news circulating the markets except for a corn sale of 113K 18/19 to Mexico.
The futures markets will be closed Monday, May 27th to observe Memorial Day. Markets will open up Monday evening for the regular overnight session.