About: Michael

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Slightly Firmer Dollar

Good morning. Grains and soybeans are slightly higher this morning despite heavy rainfall that fell on dry areas of Nebraska and Iowa overnight. Markets have become oversold and traders may be reluctant to press prices much lower. The Dollar is slightly firmer this morning and crude oil is posting small gains. Extended weather forecast continue to show above normal rainfall for nearly all the Midwest over the next ten days. Analysts expect Argentina to plant 5 to 10%

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Beneficial Rainfall in Forecast for Most of MW

Good morning. Grains and soybeans are a bit lower this morning as weather forecasts still show beneficial rainfall across nearly all of the Midwest over the next ten days. The Dollar is firmer to begin the day while crude oil is posting small losses.  Yesterday’s crop conditions report showed a rather surprising improvement in corn rated as good or excellent of 2% (now 62%). This has weighed on corn overnight. Soybeans rated as good/excellent declined one percent to

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