Good morning!

Our markets are mixed to higher so far this morning on very little news.  Continued strong demand for soybeans has the soybean complex higher.  There are trade concerns regarding the Black Sea region’s grain production with many people thinking the Russian government will put restrictions on exports at some point, maybe this fall.  That is supporting wheat this morning.  The strength in wheat and soybeans is helping keep the corn market from falling lower.  Corn appears to be in a range bound, sideways to lower pattern as we wait for new direction (likely to come from the Sept USDA S&D report). 

The Pro Farmer crop tour will start up next week – it will be interesting to see their results on soybeans, the weather so far in August has likely improved yield…

Currently

Corn is mixed, 1c lower to 1c higher

Soybeans are 8 to 10c higher

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