Monthly Archives: August 2014

MidCo Morning Comments

Good Morning.  The grain markets are trying the upside as wheat leads the way.  Too little rain in Australia and too much rain in the northern Midwest is offering support to wheat.  Dec. wheat is trading right at the 50- day moving average near $5.70 ½.  Corn and beans are attempting to follow along.  Corn continues to hold its recent lows and managed to squeak out an unchanged close yesterday.  The area around eastern Nebraska and western Iowa

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MidCo Morning Comments

Good morning. Corn has slipped lower overnight while soybeans have seen modest support from some short covering after new contract lows were set yesterday.  Generally good weather across the Midwest this week and forecasts for more of the same over the next two weeks are keeping markets on the defensive. Corn basis continues to be strong, but bean basis suffered perhaps its biggest one day drop ever yesterday with a number of

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