Good morning!
The next cold front will move across the plains and into the Midwest over the weekend and the recent models have turned wetter. The largest rain totals stay a little North, through Minnesota, Wisconsin, NE Iowa and N Illinois. The rest of the belt will see rains topping out between .1 and .5”. Scattered showers are expected through the first part of next week after that.
The soybean market could see some additional buying today after yesterday’s friendly report but with a weekend in front of us, don’t be surprised to see a little consolidation/profit taking as we near the close.
Other than weather, there is very little new news to go on today. Old crop basis for both corn and soybeans continues to fall as harvest works further and further North. It won’t be long and the market will be trading on new crop price levels.
Opening Calls
Corn down 1 to 3 cents
Soybeans mixed, up 1c to down 1c
Have a great day!
Dustin Weiner
@fccoopgrain
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