Good morning!

Our markets were higher overnight and are still higher this morning. New all-time highs were made in Dec corn this morning, now up over 20 cents!  Weather is still the story.  Weekend rains did fall across parts of the northern Midwest but overall – they were less than forecasted/hoped.  Over the next 10 days across most of the corn belt there are only a couple chances for rain (one late this week, one early next).  If we miss those watch out – this crop will continue to shrink which gives this market more work to do to destroy demand.  Speaking of demand there is talk the Arkansas and South Carolina may soon ask the EPA for an ethanol waiver.  They must show ethanol causes severe economic harm.  In this environment, that may not be as difficult as once thought?

Currently

Corn is up 20 to 22 cents

Soybeans are up 40 to 45 cents

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