Do Not Overlook the Corn Values for Fall 2020 and Beyond. Increased Corn Acres and Demand Destruction could easily move the carryout back up over 2 Billion Bushels.
CERES will be receiving Plenish Soybeans Fall of 2020. Producer premiums will remain the same .40 cents for Harvest delivery and .50 cents for Farm stored Call with acreage requests, Acres are limited so don't wait if you have an interest in this program
Board of Trade Hours 9:30 am to 2:15 pm 7:00 pm to 8:45 am
Thursday, November 14, 2019 11:28AM CST
It's easy to agree that demand -- the sheer yearning for good, hearty, mouthwatering beef -- has carried this fall's market. For weeks now, boxed beef prices have rallied, helping keep cash cattle prices strong and a good incentive for packers to keep the processing belts turned up high. But have you stopped to wonder how that demand is being met?
December corn is up 1 1/2 cents per bushel, January soybeans are down 1/4 cent, and December KC wheat is up 4 cents.
Market cautiousness is seen early Thursday morning following abrupt triple-digit losses seen midweek. The swift shift lower can't be seen as a surprise following the potential for a correction over the last several weeks, but it doesn't make the market pressure any easier.