Good Morning!

Markets are higher in the overnight trade on optimism China will soon be securing US Ag products. President Donald Trump said on Tuesday that China was buying a “tremendous amount” of U.S. soybeans and that trade talks with Beijing were already under way by telephone, with more meetings likely among U.S. and Chinese officials. Traders will be watching closely for signs of actually cash purchases.

The Senate on Tuesday voted overwhelmingly to approve an $867 billion farm bill. The legislation will now head to the House, where it is also expected to pass, after lawmakers worked out a House-Senate compromise this month. The bill faced criticism from conservative Republican Sen. Grassley. He voted against the package over its expansion of federal subsidies to more-distant relatives of farmers, such as cousins, nephews and nieces.

The White House is delaying a second round of payments from a $12 billion aid package for farmers hurt by a trade dispute between China and the US, amid optimism China will soon resume buying U.S. soybeans.

A warming trend across much of the Plains and Midwest is expected to continue through at least early next week, with daytime highs reaching 5 to 10 degrees above normal throughout much of the central U.S. for the next several days.

A drier weather profile is forecasted for the northern half of Brazil. A front will bring heavy rains for the southern half of Brazil and Argentina by the weekend and into the first half of next week.

Huawei Technologies Co.’s CFO Meng Wanzhou was granted bail by a Canadian judge on Tuesday after more than a week in detention. Some are concerned her arrest could jeopardize trade talks between the U.S. and China. President Trump said he’s ready to intervene if it can help trade relations with the country. Trump has also said he had not yet discussed the Huawei executive’s arrest with Chinese President Xi Jinping.

Have a great day!

Please see under events on our website information on our upcoming grain meeting coming up on December 13th,  Sue Martin along with Dr. Zhang (ISU Professor) will be the keynote speakers.  Please RSVP