Good Morning!

The bulls are back in the market after making record contract highs and with continued weather patterns remaining hot and dry. Yesterday parts of Indiana and Illinois saw good rainfall, but is it too late? Ag Secretary Vilsack made a statement yesterday suggesting they have no intents on changing the Renewable Fuels Standard for ethanol blending at this point despite South Korea’s top grain importer urging the US to cut corn use for biofuels. Outside markets are supportive as the dollar trades lower while oil and gold trade higher.

Corn 6-8c higher

Beans 40c higher

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