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Karl Setzer Grain Commentary

Closing Comments; September 21st, 2018

There are some signs of the U.S. and Canada are coming to a possible agreement. One of the topics being discussed, is setting a cap of $1.2 trillion dollars in annual auto trades to Canada. However, Canada is down playing such discussions. The dairy market access continues to be debated between the both countries. Nothing concrete has surfaced from their discussions yet this week.

Severe storms went thru Northwest Iowa & Southwest Minnesota Thursday evening causing damage to grain bins, buildings & crops. Straight line winds & tornadoes are to be blamed for the damage. Extensive amounts of rain have fallen this week throughout the Western Corn Belt, causing harvest delays & bringing cooler weather.

December corn closed up 4 cents at $3.57 . November beans closed down 3 cents at $8.47 . December Chicago Wheat closed down 2 cents at $5.21 .

For more information, you may contact Kristi Guse at (712)-260-6486, or e-mail at kguse@maxyieldgrain.com. The opinions and views expressed in this commentary are solely those of Kristi Guse. Data used in writing this commentary obtained from various sources believed to be accurate. This commentary is intended for informational purposes only and is not intended for developing specific commodity trading strategies. Any and all risk involved with commodity trading should be determined before establishing a futures position. Please visit our Risk Disclosure Page for more information on commodity trading.


 

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