Store and Ship Receipts

 

 

Daily Comments

STATELINE COOPERATIVE MORNING COMMENTS – 4/24/19

 

CORN: 

  • Corn seems to have found a bottom after hitting new lows.
  • Ethanol production numbers out later this morning.
  • Margins in ethanol continue to run at breakeven.
  • S. / Chinese trade talks continue on April 30th in China.
  • Crude oil lower and dollar, DOW and gold all higher this morning.
  • Updated 6-10 day forecast calling for below normal temps and wet.

 

BEANS: 

  • Soybeans running in black this morning after taking it in the shorts yesterday.
  • This market looking for support from anywhere.
  • India projecting to increase production by 700 tmt to a total of 12 MMT.