5/22/2019


Corn unch, beans up 6, wheat down 6

Crude Oil- 61.28 down 1.85

US Dollar- 98.047 98.07 up .05
 
DOW- 25,805 down 72
 
ST. LOUIS WILL DUMP TRUCKS M/W/F UNTIL FURTHER NOTICE.
 
The markets fell lower today after the USDA held a conference call sort of confirming some details however, left a lot of details out. There is no deal with China and with the release of today’s info it seems we might be farther away from a deal with China than we’d like to think, some think we won’t see a deal at all. Others are of the opinion that neither the US or China can have this situation continue…. Its anybody’s guess.
 
Here is a link if you’d like to read up on that: https://www.usda.gov/media/press-releases/2019/05/23/usda-announces-support-farmers-impacted-unjustified-retaliation-and
 
So, some read this and interpreted it as more acres will be planted to beans, some are of the opinion that if Mother Nature will get her act together we will see corn rally farther. We are still in the way of more than ample rains…. I think we met the “ample” mark on the rain gage a week ago. There was a levee that did break last night near Brunswick, there are more sandbags being put out today as we have more rains headed our way in the next 10 days. 
 
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