Special Market Update
Grain Market Commentary
Tuesday, February 5, 2019
By Louis Kaelin, Account Representative, The Andersons
New crop corn closed up today at $4.0350 and new crop beans closed up today at $9.6050. Both have been stuck in a narrow trading range the last couple of months.
With not having a January report because of the government shut down, the upcoming Friday, February 8 WASDE report will have harvested acres and final yield numbers. Most years this report can be a big market mover. Ahead of this Friday’s report I would put in some firm offers on both corn and beans just in case we have some interesting numbers come out and things decide to rally. If the report comes out neutral, then we will have to wait and see the information in the planting intentions report in March.