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Negative Outside Markets Providing Pressure

Good morning. Grains and soybeans are lower with negative outside markets providing pressure. Crude oil is down a dollar and the Dollar is stronger. The Dow is expected to open lower. For what it’s worth at this point in the growing season, corn and soybean crop conditions remained steady in yesterday’s crop conditions report. Deliveries included 8 corn contracts, 22 Chicago wheat, 56 soyoil, and 100 soymeal (the first soymeal deliveries thus far). Again there were no soybean


News Is Limited This Morning

Good morning. Grains and soybeans are slightly lower as we await the 11 AM USDA crop report. Otherwise, news is limited this morning. Outside markets are mixed with crude oil lower and the Dollar weaker. The Dow is expected to open with modest losses. Weekend rainfall in the Midwest was generally less than was expected but additional chances occur at mid-week and again at week’s end. Corn harvest will be rather slow to expand given wet soils in