August 26th, 2015
Grain Marketing Specialist
Corn: 1 higher
Bargain hunting seems to be the driver of the markets this morning. South Korea bought 2.2 million bushels of corn. Ethanol numbers, for the week, will be out later this morning. There are chances of precipitation for the North Western Corn Belt starting tomorrow. The rest of the Corn Belt will remain dry for the remainder of the week.
Soybeans are trying to remain positive this morning as trading hangs on any news from China. USDA announced, yesterday, that there were sales of new crop soybeans to unknown destinations. The closer we get to harvest the more pressure there will be on soybeans.
Wheat: 3 higher
Wheat trying to gain back yesterday’s losses. Some rain chances for the remainder of the week. These are not expected to slow down the remainder of the wheat harvest.