Covid – 19 Update # 6
As of Monday August 10, 2020 SLC Covid-19 policy change will include the following:
The current policy will be in place until situations change. This policy is in conjunction with the Covid-19 decision tree plan sent last week. Please stay safe. Thank you.
Stateline Morning Comments August 12th 2020
Corn Steady @ 2.65
Corn futures traded quietly overnight in a penny and half range.
UGA lowered their estimate for the Ukrainian corn crop from 38.9 mmt to 36.4 mmt. They also lowered their projected corn exports for the 2020/2021 crop year from 33 mmt to 31 mmt.
On China’s Dalian exchange corn was off ¼ cent last night, trading at 2226 yuan per tonne.
Beans Steady @ 8.11
Soybeans were lower overnight, challenging support at $8.66 ½. Products were mixed, with soybean oil up 20 points at $0.3082. While soybean meal was off $0.60 per ton at $283.50 per ton.
Analysts are expecting the USDA to raise ending stocks for 20/21 to 524 million bushels, up from last month’s 425 million bushels.
September soybeans on China’s Dalian futures exchange were off 6 ¼ cents last night settling at 4,692 yuan per tonne. Soybean meal was off $1.30 per tonne trading at 2,851 yuan. Palm oil traded at 5,494 up 78 yuan.