With today being a pre-report day, we aren’t expecting much action in the futures market. There could/should be a lot of positions getting evened up, minimizing their risk of an overly bearish or bullish report tomorrow at 7:30am. The only thing that may give us direction today would be the outside markets. Currently they are a touch supportive as the financial markets are stronger while the dollar weakens.
Currently
Corn is up 1 to 3 cents
Soybeans are down 3 to 5 cents
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