MidCo Morning Comments

Good morning. Markets are slightly lower this morning as the Dollar continues to firm and harvesting of record corn and soybean crops increases. The Dollar is approaching its highest level since 2010. One more excellent harvesting day is on tap for most of the Midwest followed by rainfall tonight and tomorrow of .5 to 1.0”. After the rain ends, a week or more of dry weather is forecast. The Australian wheat crop has been reduced by dryness during the month of September with current crop estimates of 22 – 23 MMT’s which would be 1 to 2 MMT’s less than earlier projections. Ukraine’s corn crop is now forecast at near 24 MMT’s which would be 2 MMT’s less than the last USDA estimate. Otherwise, fresh news is scarce and export markets are quiet as buyers hope for lower prices. It still looks like we will need to push markets lower before finding a bottom.

6 to 10 Day Outlooks


6 to 10 Day Outlook - Temperature Probability


6 to 10 Day Outlook - Precipitation Probability

8 to 14 Day Outlooks


8 to 14 Day Outlook - Temperature Probability


8 to 14 Day Outlook - Precipitation Probability

Hugh Whalen|Commodity Risk Consultant | MID-CO COMMODITIES, INC.| Ph: 309-557-6010 | Fx: 309-828-2822| hwhalen@mid-co.com

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