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
Category Archives: MidCo Comments
Good morning. Beneficial weekend rains across the Dakota’s and Nebraska and rains this morning in the northern half of Iowa are weighing on grain and soybean markets as we begin the week. The Dollar is stronger and crude oil is weaker. Chinese corn and soybean markets were lower today while veg oil markets closed higher. Malaysian palm oil was lower. Rainfall this week is expected to be heaviest in the western Midwest where up to 2.75” is forecast.