Tuesday, August 20, 2013

FC Morning Grain Market Commentary for 8/20/2013

AM Comments 08/20/13

Tuesday, August 20, 2013, 8:09 am
Submitted by: Dustin Weiner


Good morning!
 
ProFarmer’s Midwest Crop Tour started yesterday (map below) they start in both the East and the West and meet in the middle (Iowa) on Thursday.  Yesterday they were in South Dakota and Ohio and they found big crops in both states.  They pegged Ohio at 171.6bpa which is just shy of two bushels short of an all-time record.  Today we will hear reports from those guys/gals from mainly Nebraska and Indiana.  The trade tends to view ProFarmer as a friend to the farmer in regards to price action, in other words the yield numbers they release may be light. 
 
Weather looks unchanged today with warming temps and a general lack of precip.  Some parts of Iowa will see scattered T-storms later this week, but the driest regions still look like they will miss it.
 
Opening Calls
Corn 4 to 6 cents lower
Soybeans 10 to 15 cents lower
 
ProFarmer Crop Tour Schedule:
 

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