Good morning!

It is the Friday before a 3-day weekend and we are seeing a little profit taking across our markets this morning.  Russia had their “Food Security Council” meeting last night – their Deputy Prime Minister said they will not limit grain exports and will firmly oppose any thoughts of export restrictions.  This is adding pressure to the markets.

The outside markets this morning are a bit friendly, the Dow, crude oil and gold are higher while the dollar is weaker.  Bernanke’s speech is today which could affect those markets although there isn’t much expected to change with this being an election year.

Other than that, there isn’t much to go on.  Corn harvest is quietly progressing and yield reports are all over the board.  The next USDA S&D report is out Sept 12^th, we will probably have to wait until then to get new fundamental data to trade on. 

**Reminder** -no markets Monday due to the Labor Day holiday.

Currently

Corn is mixed, down a penny to up a penny

Soybeans are down 5 to 8 cents

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