Chinese New Yr. Started on the 25th for a week.
Year of the Rat

China/US Phase 1 deal signed on the 15th.
10 days China may start to buy pork and other meats.
30 days after the signing soybeans.

Coronavirus/ effects on meat and grain trade.
Time will tell

CZ/SX ration 2.357

Informa est. for planted acres
Corn     93.4 vs. last yr.89.7
Beans   86.5 vs. 76.1

More tech. break Friday.
Feb. options expired so CH 390, WH 570 and SH 900 strikes came into play.
Friday some position squaring
Coronovirus??

Weekly Corn
13 week avg. 383.25
26 week avg. 381.75
52 week avg. 387.50

Monthly Corn
3 month avg. 385.50
6 month avg. 384
12 month avg. 387.25

4 Week avg. / 384.50

Cattle on Feed
On Feed 102% vs. est. 102
Placements 103% vs. est 103
Marketing 105% vs. 105

BIG NEUTRAL REPORT

Questions, call is free
800-942-1513

BE Safe