AM Comments 07/29/14
Tuesday, July 29, 2014, 8:07 AM
Submitted by: Dustin Weiner
Corn and soybeans both started out higher last night, but the extended weather forecasts (11-15 day) look wetter which caused everything, especially soybeans, to turn lower.
Other than that, there isn’t much to go on today. Crop ratings were a little disappointing yesterday (good-to-excellent ratings are shown below) but that doesn’t change the fact that the overall crop looks great. The outside markets are a mixed influence at this time with crude oil trading lower while both the $US and the stock markets are called higher.
Corn down 2 to 3 cents
Soybeans down 8 to 12 cents
Have a great day!