Premier Cooperative

Coffee Cup Comments (Market Commentary)

Coffee Cup Comments (Market Commentary)

Coffee Cup Comments

01-24-2020

Overnight the Markets traded lower after failing to hold the firmer close in corn and wheat. Wheat shortage, a rail strike in France, and weather problems should be supportive to corn and wheat but rain in South America and no new soybean purchases from China is pressuring soybeans. Currently corn is trading 1-2 lower, Soybeans 2-3 lower, and wheat 4-5 lower. Traders will be watching the weather in South America and here in the US as well as digesting the Chinese Phase 1 agreement and the USMCA Agreement details . The Markets will also be tuned into the impeachment proceeding this week.

____________ MARKET MOVERS

USDA Weekly EXPORT INSPECTIONS Monday 1-27-2020 @ 10:00 am

USDA Weekly USDA EXPORT SALES Friday 01-24-2020 @ 7:30 am

Have A Premier Day

The information contained in this report is believed to be reliable but is not guaranteed to accuracy or completeness by Premier Cooperative, Inc. This report is provided for information purposes only and is not furnished for, nor intended to be relied upon for specific trading in commodities here in

Like us on Facebook and follow us on Twitter @Premiercoop

WIXY CLASSIC RADIO PROGRAM

 

 

Have A Premier Day

Read More
© 2020 Premier Cooperative, Inc. All Rights Reserved.