Category Archives: MidCo Comments

Rains That Were Forecast for Illinois Turned out to Be Very Light

Good morning. Grains are little changed this morning but soybeans are higher as the rains that were forecast for Illinois turned out to be very light. There were some heavy rains in Minnesota as well as southern Missouri and a portion of southwest Illinois but much of Illinois and Iowa got little more than trace amounts. The Dollar is continuing its recent strength and crude oil is once again weaker as we begin the day. Farmer selling is

more

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%

more