1/16/2020
  • Corn closed down 12.0 @ $3.75. Beans closed down 4.75 @ $9.24
  • More buy the rumor, sell ther fact trade today. Trade seems spoked that the agreement allows China to buy grain depending on need and price. Not sure why that is controversial?
  • Ag Secretary Perdue announced that he expects there will be a 3rd installment to the trade related aid even after the Phae 1 agreement
  • The Senate voted overwhelmingly to approve the USMCA trade agreement. Mexico already approved it. Canada is expected to approve in the near future
  • The trade market wil now focus on South American weather which is starting to get dry in some areas but essentially normal 
  • Very good export numbers for the week
Have a good evening!!!
Scott Johnson