Closing Comments; Friday, January 25th, 2019
MaxYield Cooperative - SETZ - Fri Jan 25, 1:36PM CST

Traders continue to watch weather and planting progress in areas of South America. BA Grain Exchange reported Argentina’s corn is 86.1% planted vs 85.8% last year and 86.8% for the average. Condition ratings are down slightly putting it around 51% in the good to excellent range. Argentina’s soybean planting is complete but not without the potential for acres to be lost in some areas due to excessive rain.

Congressional leaders and President Trump agreed to a stop-gap spending plan that would end the partial government shutdown. The deal would advance a three-week temporary funding bill to that would reopen agencies. The arrangement still needs to pass through the House of Representatives and Senate and is expected to be passed through both today, once it does President Trump stated he would sign it. Trump’s $5.7 billion request for the wall along the Mexican border will be tabled for later talks.

March Corn closed up 3 cents at $3.80 . March Soybeans closed up 9 cents at $9.25 . March Chicago Wheat was down 1 cents at $5.20.

For more information, you may contact Kristi Guse at (712)-260-6486, or e-mail at kguse@maxyieldgrain.com. The opinions and views expressed in this commentary are solely those of Kristi Guse. Data used in writing this commentary obtained from various sources believed to be accurate. This commentary is intended for informational purposes only and is not intended for developing specific commodity trading strategies. Any and all risk involved with commodity trading should be determined before establishing a futures position. Please visit our Risk Disclosure Page for more information on commodity trading.




 

Market Commentary provided by:

MaxYield Cooperative