Good Morning! 

Our corn and bean markets are higher this morning while wheat is a touch lower.  Pro Farmer has their annual crop tour taking place this week.  They will help the market better define just how poor the US corn crop is and just how improved the US bean crop it. 

Global commodity markets don’t have a whole lot of direction this morning – but if you want to talk about Europe: Spanish bond yields continue to drop, which is really positive for the outside (equity) markets, offering a bunch of stability to the market.  This should keep the financials strong and support most commodities (energies, metals, grains, etc). 

So for today (any maybe for this week) corn and beans could remain choppy on little new news.  Soybeans will have support from strong demand, resistance from an improving bean crop.  Corn will have support from early (poor) yield reports and resistance from fund selling and talk about the US importing corn.

Currently

Corn is 3 to 5 cents higher

Soybeans 8 to 12 cents higher

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