Good morning!

The markets have been closed since Tuesday at noon and don’t open today till 9:30am.  Currently calls appear to be higher on both corn and soybeans, led once again by weather.  With the hot/dry weather we saw over the holiday and the limited rainfall showing in the forecasts – crop sizes are still under pressure.  There wasn’t a USDA weekly export sales report this morning – that is delayed till tomorrow due to the holiday. The only other piece of news to discuss involves the outside markets.  Both China and the EU cut their interest rates. This has rallied the dollar which could take some of the bullishness away from commodities today…

Opening Calls

Corn 5 to 10c higher

Soybeans 10 to 20 cents higher

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