Giving a voice to farmers and the means to continue to protect the land for generations.
Good Morning: Markets remain quiet in the overnight trade on light volume. Yesterday was the first time in three days there was not an announcement of China soybean purchases. Some believe China might be waiting to see how this week’s talks go before making additional purchases. U.S. weather forecast remains absent a frost/freeze through the first week of October. Brazil soy areas should see improved rain chances over the next 7-10 days. Official 6 to 10 and 8 to 14-day forecasts out yesterday remain warm and wet though. President Trump will meet today with a group of U.S. senators to discuss biofuels policy. The discussion will continue a slew of meetings the White House has held with both biofuel and oil refining advocates to negotiate a compromise between the two sides that have clashed over biofuel blending mandates. U.S. and Chinese deputy trade negotiators are set to resume face-to-face talks today for the first time in nearly two months. The negotiations on Thursday and Friday are aimed at laying the groundwork for high-level talks in early October that will determine whether the two countries are working towards a solution or are headed for new and higher tariffs on each other’s goods. Both the EU and GFS weather forecasts remain absent a frost/freeze for the Central U.S. through the first week of October. As expected, the FOMC lowered interest rates 25 basis points yesterday. There is a 58% chance the Feds cut rates again in December. Have a great day! Wayne Kollis - Melissa Peters - Mike Rosenberg - Matt Zeman - Austin Behrendsen
Fri 9/20
Sat 9/21
Sun 9/22
Mon 9/23
Tue 9/24
High
83 F
78 F
71 F
74 F
Low
68 F
64 F
53 F
52 F
58 F
Precip
70%
58%
0%
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