Good morning!

Our corn and soybean markets last night opened the session lower – reacting to the weekly Crop Conditions report.  Corn dropping 1% in the G/E category while beans were unchanged.  The grain markets started to recover as drier weather forecasts were released. 

There are two weather models that are widely followed, the European model and the GFS model.  The European model was bullish as limited rainfall along with high heat is projected.  Meanwhile the GFS model looks unchanged from yesterday with cooler/wetter temperatures in the 11-15 day forecast.  The 6-10 day remains near normal to above for temps and near normal to below for precip.

The outside markets are a touch supportive this morning as the dollar slips while financial markets are moving a bit higher. 

Currently

Corn is steady to 1c lower

Soybeans are 8 to 10 cents higher

http://www.fccoop.com/markets/information.cfm