10/15/2019


Corn down 4, beans down 6, wheat down 4

Crude Oil- 52.96 down .68
 
US Dollar- 98.28 unch
 
DOW- 27,024 up 237
                      
 
The markets took back a bit of what they’ve given us with beans down 6 and corn down 4 some think this is just a healthy pull back to allow more buyers to get into the markets. Weather is shaping up pretty well with the 10 day forecast relatively clear, most are more than thankful for this as harvest has already been drug out enough. Farmers continue to report better than expected yields on the corn and beans both, it goes without saying that there are some trouble spots but for the most part it seems things are better than initially thought.  There doesn’t seem to be a threat right now and the temps really didn’t dip low enough for long enough to do any significant damage last weekend. There’s no new news on a deal with the Chinese, President Trump says phase 1 is done, the Chinese folks say not so much. So we’ll see what comes of that.
 
Stay tuned.
 
Ali
 
 
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