Mid-Day Markets: Corn +2. Soybeans +9. Wheat +5.
Markets firmer with corn up 2, soybeans up 9, and wheat up 5.
President Trump said the next 3-4 weeks will be “huge” in knowing if a trade deal can get done with China.
News was changing very quickly regarding the Sino-US trade talk recently which has made the market volatile.
Rumors in Chinese market, China will start to buy US grains in large volume once Trump nod on the main contents of the framework of a deal.
Some Chinese buyers have started to make inquiries to US corn recently to avoid price change by any news that could make the price fluctuate.
China's pig herd slid 16.6% in February from the previous year, as African swine fever ravaged its vast herd.
Despite import tariffs of 62 percent imposed by China on U.S. pork, China made its biggest purchase of U.S. pork in nearly two years last week.
Brazil’s weather forecast calls for regular rounds of showers and thunderstorms continuing through the middle of next week.
Argentina’s weather forecast is a little wetter overall as much of Argentina has adequate soil moisture.
A welcome period of drier weather to appear in the Midwest to help dry out Nebraska, Iowa, and Wisconsin.
Have a great afternoon!!!
Chelsey White
Emery Branch Manager/Originator || Topflight Grain Coop
593 Emery Rd.
Maroa, Il 61756
E-Mail: cwhite@topflightgrain.com
Web: www.topflightgrain.com
This material should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any particular trading strategy, promotional element or quality of service provided by Topflight Grain Cooperative, Inc. Topflight Grain is not responsible for any redistribution of this material by third parties, or any trading decisions taken by persons not intended to view this material. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Contact Topflight Grains designated personnel for specific trading advice to meet your trading preferences. These materials represent the opinions and viewpoints of the author, and do not necessarily reflect the viewpoints and trading strategies employed by Topflight Grain Cooperative, Inc.


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