Special Market Update
Grain Market Commentary
Monday, January 7, 2019
By Louis Kaelin, Account Representative, The Andersons
Dec 19 corn closed pretty much unchanged at $4.0375, which is up roughly $.09 as of 12/26. Nov 19 beans closed up today at $9.6075, which is up roughly $.35 as of 12/26.
Much of the reason we have seen a little upswing here is because of the weaker US Dollar and having the January USDA report being delayed has put some positive news in the markets. A lot of traders are keeping their eyes on the South American weather lately. It has been dry and there have been talks of the South American crops not being as good as it was last year. Also a lot of positive talks and rumors with the China Tariff has been a definite plus for the markets as of lately. But with nothing set in stone yet, there are still a lot of unknowns on what is going to happen with all of this.
It would not be a bad idea to start looking at getting some cash or HTA orders in, just in case we do get some good news out of the tariff talks. Just looking here in Nebraska, we still have some customers out in the western part of the state that are trying to finish up with their harvest. The weather in Nebraska since harvest has been very wet and keeping them out of the field.