Sunday Night Market Outlook 05-17-2020

This week Chris and Duane discuss basis and the handling of final cash corn decisions for remaining 2019 inventory. Weather and potential Chinese demand may have a key influence during the next 90 days, but improving competitive bids from the ethanol plants may suggest some optimism may be returning to that industry. The 2020 crop appears to be off to a good start in most areas, but with current prices already at the 85% level of the spring crop insurance price, is is safe to say the market may have already discounted the worst-case scenario for price?