Markets yesterday and thus far today are all about weather. It is truly a case of the have’s and have-not’s. Last weekend rainfall was good for some, primarily in the western and northern corn belt, while much of the eastern and southern corn belt didn’t get much. 6-10 day forecast maps call for more of the same….above normal temps and below normal precip. Weekly crop ratings were out yesterday afternoon and showed further decline in the good/excellent numbers. Corn was down 3% to 63% nationally (Iowa was unchanged at 67%). Soybeans were down 4% to 56% nationally (Iowa down 1 at 61%). Markets higher thus far today. Would expect higher market all day depending on mid-day forecast models. Outside market influences won’t matter much today. http://www.fccoop.com/
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