Marketing Partners Advisory: Weekly Conference Call Recap

The following are comments and discussion items from the weekly conference call of the recommendations group of Marketing Partners Advisory.

Discussion Items :

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  • No new recommendations this week.
  • There are volatile price movements for grain and financial markets in reaction to U.S. – China relations and tariff talk.
  • There is slow farmer selling of grains at current prices, but corn basis has prompted some sales.
  • Difficult decisions continue for selling grain for most producers as the trade war lingers.
  • Export sales continue to be decent for corn, but relatively below par on soybeans and wheat compared with current USDA projections.
  • Mexico’s announcement to purchase old and new crop corn is supportive of corn futures.
  • Ethanol prices traded at a 13-year low; if it continues, demand for corn for ethanol may be reduced.
  • Soybean crush margins continued to slip lower.
  • The December USDA World Supply and Demand Report is scheduled to be released Tuesday, December 12. It is not expected to be a big surprise with any changes from their November report.