Daily Archives: September 17, 2014

MidCo Update

Chad Richey|Branch Office Manager | MID-CO COMMODITIES, INC.| Ph: 515-251-8526 | Fx: 515-251-8584| More of the same as the nearing harvest weighs on any and all rally attempts.  Stories continue to circulate that record crop will overwhelm storage and transportation.  Weather outlook turns excellent once the weekend rain event moves thru.  Weekly ethanol production @ 931k barrels, up .43%
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MidCo Morning Comments

Good morning. Soybeans are trading slightly higher this morning as traders expect fresh soybean sales announcements today following the visit to the U.S. this week by Chinese buyers. China is also booking South American beans from February forward as it takes advantage of the recent price decline. Corn is lower on pressure from the impending harvest as well as weather forecasts calling for warmer and drier Midwest conditions over the next two weeks. The Fed is
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