10/11/19

• Big reversal day for most markets. Heavy snow storm in Dakota's and freeze in several states started the rally
• Rumors of an initial trade agreement later in the session brought in big rallies. Corn closed up 17.5  cpb and beans closed up 12.5  
• Corn closed on the highest levels since mid-August
• After the close Trump stated they have agreed in principle on rights to intellectual property and currency rules and exchange issues
• China has agreed to purchase 40 to 50 billion dollars in agricultural goods  
• This agreement is Phase 1 and they are discussing a Phase 2 and possibly a Phase 3

Please call in if you plan on any harvest activity this weekend. We will have minimum crews as some facilities to start off

Have a good weekend!!
Scott Johnson