Good morning!

Our markets are a little higher today, but generally there are no surprising fundamental news stories out there.  Projected yields are still retreating as the extended forecasts are a little drier for next week – more important for beans than anything today.  Next Monday afternoon’s crop ratings are expected to show another 3-5% drop in the good to excellent categories.

We hear that corn harvest is starting today in small pockets of Central Illinois, one particular farmer’s field we heard about had a hand checked moisture on it on Monday which came in at 25%, this was planted mid late March.  Moisture should be in the teens today and although yields will be interesting to see - aflatoxin levels will also be watched closely. 

The outside markets are a touch friendly today as this looks to be the 3^rd day in a row that financials are higher. 

Currently

Corn is 6 to 8 cents higher

Soybeans are 19 to 23 cents higher

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