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"These are not just, you know, let's sell corn or let's do this…It's going to be selling corn, but a lot of it, a lot more than anyone thought possible". This was the quote that sent the corn market surging higher in the overnight from President Trump on the China trade wars. Yesterday's rumors of AFS being found in Canada is now seen as a false statement. Tomorrow, the USDA will likely release their 2019 acreage estimates which is non-survey based. Also, on Friday we get caught up with export sales which will include the second round of bean purchases from China. This will give a good comparison of where sales stand compared to USDA projections for the year.
Wyatt Saeugling 2/20/19
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