Daily Archives: October 6, 2014

MidCo Update

Higher markets with beans leading the way on potential harvest delays? Today’s rally may be more of a technical bounce, combined with a lack of selling interest. Technically, CZ above the 20 day MA for first time in 5 weeks; SX testing the 20 day MA. Rains to move from the southern Plains and Delta into the ECB later this week. NOAA 6-10 and 8-14 day outlook shows above normal precip for especially the ECB. Moore Research suggests


MidCo Morning Comments

Good morning. Markets have rallied overnight on short covering, harvest delays , and a weaker Dollar. A weekend freeze in North Dakota may have reduced corn yield somewhat.  The Northern Midwest should see good harvest progress this week as weather looks favorable, but further south, harvest progress will be limited as wet soils and more rain this week will keep many producers out of the field. Today’s crop conditions report will likely show about 20% of the nation’s