Monthly Archives: July 2014

MidCo Morning Comments

Good morning. It’s the end of the line for July. Markets have traded quietly overnight and early this morning with prices currently little changed. Weather forecasts continue to advertise a somewhat wetter pattern setting up for the Midwest beginning in the middle of next week. This is keeping corn and bean markets on the defensive. Wheat is pressured by improving prospects for the Russian wheat crop and increasing export competition. There were no deliveries of soybeans or soymeal

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MidCo Morning Comments

Good morning. Markets this morning are continuing the lower tone of yesterday as forecasts continue to show good chances for rainfall next week across the Northern and Central Midwest. Corn contracts are a few cents above lifetime lows. Prices may not have much more downside risk the  next few days as traders wait to see if next week’s forecasted rains materialize. Tomorrow’s export sales report is expected to show another week of strong new crop corn and bean

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