STATELINE COOPERATIVE’S EVENING COMMENTS 1-23-2018
Weekly export numbers will be released on Friday, delayed due to government shutdown.
Corn: North Burt DOWN .75¢ @ $3.05
Corn markets trading lower with large corn supplies and the weak wheat market. Corn futures trade a narrow range staying between the 40 – 50 day moving average. Informa predicts US 2018 crop planting at 89.197 million acres.
Soybeans: UP 2¢ @ $9.04
Soybeans traded both sides following the soymeal. Argentina still dry in some areas and Brazil seeing good conditions. Lower production in Argentina will be more than likely offset by Brazil’s crop. Informa guessing soybean planting at 91.197.