Firmer markets today with corn closing up 5 cents, trading in an 8 cent range and beans up 8 cents trading in a 16 cent range. Corn and bean were unable to hold overnight gains but still finished on a positive note. Support was found on news stories that seemed a little more detailed regarding progress being made on U.S. and Chinese trade negations. We also saw Ag Forum announce planting projections with corn acres at 92 million vs. 89.1 million in 2018 and soybean acres at 85 million vs. 89.2 million in 2018. South American weather has remained unchanged and is currently, mostly conducive for crop development. Funds were net buyers of 15,000 corn contracts and 9,000 bean contracts on the day. Outside markets, in later trade, had Crude Oil down 30 cents, the Dow was down around 150 points, and the U.S. Dollar Index was slightly firmer.
This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. The risk of loss in trading futures and/or options is substantial. Each investor must consider whether this is a suitable investment. When trading futures and/or options, it is possible to lose more than the full value of your account.
Make us your homepage
Follow the steps below to make Farmers Coop Grain Co of Dalton automatically appear when you launch your browser and when you click the Home button:
Open the Edit menu and choose Preferences.
Select the Navigator category.
Choose Home page under Navigator starts with.
In the Home page section, type http://www.heritagegrain.com in the Location box.