Grain Exchange

Corn and beans traded mostly flat yesterday while wheat fell back after Tuesday’s strong rally up until an afternoon story that indicated more headaches for trade negotiations pressured prices to the daily lows by the close.  The market continues to be pulled and pushed by strong U.S. basis bids and slow harvest progress.

The propane shortage in the upper Midwest is becoming another frustrating layer to this year’s harvest as wet corn and lack of drying capacity are forcing major elevators to work on reduced schedules. Your Landmark energy team is having no issues supplying propane to our dryer and home heat customers due to the foresight months ago, that this was coming and having a plan in place.

President Trump said Tuesday that there are enough Democratic votes in the house to pass the USMCA if they had a vote today and urged the house speaker to push the vote forward.

Renewable fuels associations were losers yesterday in court as a lawsuit filed in May of 2018 challenging EPA’s granting of small-refinery exemptions was dismissed by a federal court.

Be safe out there,

Jim Fleming