Our markets are weaker this morning, led by the outside markets. Crude oil is down over $1/barrel and the dollar is bouncing sharply higher. The dow is also weaker over concerns of an economic slowdown in Asia. This should make it difficult for our grains to rally today.
China was on holiday all of last week, returning today. It will be interesting to see we see any additional export sales to China this week…
Today is Columbus Day, the banks and government offices are closed but our markets are open. The weekly crop progress report is delayed till tomorrow because of this holiday.
Currently
Corn is down 5 to 7 cents
Soybeans are down 8 to 10 cents
http://www.fccoop.com/markets/information.cfm
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