- Corn 4 to 5 lower
- Soybeans 26 to 9 lower
- Wheat 6 to 8 lower
- Basis Flat
- Live Cattle Open at 8:30 a Monday
- Lean Hogs Open at 8:30 a Monday
- Dow Jones 181 higher (46,773)
- Crude Oil 100 lower (97.78)
The opening Sunday night has been volatile and driven by the latest news that President Trump may postpone his meeting with China’s President Xi unless they stop their support for Iran and help re-open the Strait of Hormuz. Crude topped $102 a barrel on the open but have since fallen back. The overall news has rallied the world equity markets but a turning point in our markets may be at hand.
Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. No market data or other information is warranted by Reliance Capital Markets II LLC as to completeness or accuracy, express or implied, and is subject to change without notice. Any comments or statements made herein do not necessarily reflect those of Reliance Capital Markets II LLC, or their respective subsidiaries, affiliates, officers or employees. Disclaimer: Past performance is not indicative of future results. Strategic Trading Advisors is a registered DBA of Reliance Capital Markets ll LLC.
About Jody Lawrence
Jody Lawrence has been in the commodity brokerage and agriculture marketing business since 1992 and started Strategic Trading Advisors in 1999 and runs it today with his son Brady. The daily market comment his company publishes has over 7000 subscribers in 33 states and 3 countries and provides a concise overview of the world markets with ideas on farm hedging and marketing. Jody also travels the country giving 60-70 marketing meetings a year through his 22-year strategic partnership with Helena Agri-Enterprises.
About Brady Lawrence
Brady Lawrence is an Agriculture Market Specialist and Financial Advisor that focuses on commodities markets, futures and options brokerage, and helping individuals and families plan for retirement and their financial futures. Brady joined Jody at Strategic Trading Advisors in 2018 after college and supports the market research and brokerage sides of the business.