1/16/2020


Corn down 12, beans down 4, wheat down 8

Crude Oil- 58.54 up .73
 
US Dollar- 97.31 up .08
 
DOW- 26,267 up 237
                      
 
The markets took it on the chin today with beans down 4 and corn down 12, wheat down 8. Mother Nature is about to enlighten us a bit more with her particular brand of sunshine, which is coming in the form of ice, snow, and cold temperatures! The markets took a step back today as there’s been no interest from the Chinese yet in the form of purchasing any ag products from the US. The rumor today is that producers will receive the third payment on the Market Facilitation Program…. For now its rumor so we’ll see if it comes true.  The markets will need to see some sort of interest out of the Chinese, and actually not just interest but actual purchases as that will lend the support the market needs to sustain a rally.
 
Stay tuned.
 
Ali
 
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