Markets are positive this morning! Corn is currently up about 3, beans and wheat up 7 cents. December 2020 corn and November 2020 soybeans have the floor this month with insurance pricing period. Make sure to put offers in and be making sales with rallies.
Corn is seeing steady prices. USDA starting the final round of trade war payments at end of next week. Ethanol margins continue in the red but are stabilizing.
Soybeans may have been driven a little too low with the outbreak of the coronavirus. With beans moving so fast, it is important to be working offers and knowing break evens. Weather is favorable for Argentina but not for Northern Brazil for early harvest.
Start doing your marketing plans to give the most amount of time to get your offers hit. We have many options and can diversify your contract options. Never to early to plan for 2021 crops.
Mark your calendars for our producer meetings on February 24 and 25th. We have lunch and dinner meetings in four different places. Please speak to your agronomist or grain specialist to RSVP.