Grain Marketing Specialist
Corn: As of 7:45- 1 lower
Corn lower yesterday but continuing to close towards to high end of the trading range. Favorable weather and conditions along with pressure from a firm $, the Chinese economy and weak crude oil continue to limit and gains for now. Friday we will see an updated USDA balance.
Soybeans: As of 7:45- 4 lower
Nov beans managed to erase all of the post report gains yesterday as a firm $ and favorable weather and crop conditions weighed on this market. What going to happen to the 3 million + acres yet to be planted as of Monday???
Wheat: As of 7:45- 7 lower
An improving harvest forecast and harvest progress pressured wheat yesterday along with spillover weakness from soybeans. SRW harvest still lagging but looks to improve. Yield and quality to this point seems to be variable but, by in large, we are not seeing many of the quality issues that we had feared going into to harvest.