October 27, 2014
Producer Marketing Manager
Markets all lower in the overnight session after a good harvest weekend…..
CORN: As of 7:45 – Down 2
Dec corn made new highs for the move on Friday, but couldn’t hold them as we down 6 on the day, but a nickel higher on the week. Watching the mid-August highs of $3.81 to provide some resistance. Once we get past today’s precip event, the weather looks good for harvest over the next week.
SOYBEANS: As of 7:45 – Down 8
The Nov beans traded through the $10.00 mark, but like corn…..couldn’t hold those gains. Nationwide harvest progress is estimated to be 75% complete on today’s USDA Progress report.
WHEAT: As of 7:45 – Down 1
A follower of corn…. Winter Wheat seedings are expected to be around 85% complete which is right at the 5 year average.