11/12/19 8:00am

Markets continue to struggle on concerns that the U.S./China compromise will not happen. Quiet otherwise on the news front leaving the market without buying interest.

President Trump is expected to announce this week he is delaying a decision on whether to slap tariffs on cars and auto parts imported from the European Union, likely for another six months, EU officials said.  "We have a solid indication from the administration that there will not be tariffs on us this week," one EU official said.

USDA weekly crop progress report will be released today at 3 p.m. CST (due to government closures on Veteran’s Day).  Trade is looking for corn harvest rating at 65% complete (52% complete last week, 84% last year, 84% 5-year average).  Soybean harvest rating at 83% (75% last week, 87% last year, 92% 5-year average).

Dow futures showing a 24 pt. gain this morning trading 27,682 and near all-time highs. Trump speaking at the Economic Club of New York today and could give indications on status of US / China trade talks.

Overall weather conditions in Brazil regarded as favorable.

A market lacking news with adequately supplied balance sheet is not the recipe for price strength. Store / sell decision on soybeans largely over. Yet to come on corn. Great option for corn at settlement is the EPC contract. It will generate cash if need be, it stops any storage cost, and gives you upside protection with ( no margin calls  ) until the end of next June 2020 if you would want.

If have corn stored on farm or in the plant another great marketing tool is having open orders or (open Offers) in above the market. These open offers can be cancelled or changed at any time. Great tool to use if not going to be watching the markets very close and have price levels in mind to make some sales..

EMT mentioned CZ price action through the month of November noting lows made late month in each of the previous 4 years. Sure feels like this market action is holding true.  Having upside protection this year could be big, still some things unknown about this year's crop yet!! I would want to have upside protection on at least until I see what kind of spring weather we have to deal with next year!!!