WINTER GRAIN MEETING
Wednesday, March 11th
at the North Kossuth Golf Club, 505 East Ramsey Street Bancroft, Iowa
9 AM - Coffee and Rolls
9:30 AM – Meeting
Troy Lust with FCStone
Jason Schwenneker, SLC’s NEW Grain Merchandiser
StateLine Evening Comments February 24th 2020
Corn prices traded lower on weakness in the soy complex and wheat markets. Fears stem from the spread of the coronavirus to more countries than just China. Prices drew additional pressure from ideas of plentiful supplies and slowing demand from the spread of the Chinese virus. Many months have dipped down to new contract lows. The Dec 2021 contract sits just below its contract low of $3.94 ¼.
Soybeans down 16 @ $ 8.19
Soybean prices were lower on lack of trade with China, fresh worries of the coronavirus spreading to countries other than China and big crops coming from South America. The products were on the defensive as well. The November 21 contract dipped down to a new contract low (9.02 versus contract low of 9.05).