9.13.19
CZ up 1 1/2 @ 368 3/4 | SX up 3 1/4 @ 898 3/4
Both corn and beans ended the week with what appears to be a weekly price reversal. Is this telling us that the seasonal lows are in? Well, maybe. Overall, yesterday's report was neutral to bearish and the market has dealt with that information remarkably well. Much of the negative news has been priced into this market and the sentiment, to some degree, is how much lower can this market really go? The hope and appearances of at least a limited deal with China has really lifted the soybean market and the corn to follow.