Good morning!

Our markets are sharply lower this morning – even as temps climb into the triple digits across much of the belt this week.  You can blame this on outside influences as equity markets are coming under heavy pressure today.  The world has shifted its eyes back to the EU debt situation, there are A) fears that Greece isn’t doing what it needs to do to cut spending and B) indications that Spain will need more help (likely a full-blown bailout).  This has the dollar rallying, the DOW down 150 pts and crude oil down $3/barrel! 

As far as our grains go, the weather is still friendly and the weekly crop ratings will come out this afternoon (expecting a 4-6pt drop).  Safe to say with the collapse in the outside markets the buyers are standing on the sidelines and when the buyers step away – all that is left are sellers…

Currently

Corn is down 15 to 18 cents

Soybeans are down 30 to 40 cents

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