AM Comments 09/10/14
Wednesday, September 10, 2014, 8:09 AM
Submitted by: Dustin Weiner
The monthly S&D report will be out at 11am tomorrow, and the markets seem quiet ahead of that. Traders are expecting an uptick in both corn and soybean yields which
could help explain the selling we have seen the last few trading days.
Other than the report tomorrow – there isn’t much out there for fundamental news. As you have no doubt heard from your local weatherperson -- the cold weather is coming… temps are expected to bottom out Friday night. The good news is that frost risk is very low for the heavy corn growing areas of the belt. In other weather stories – heavy rains slipped through southern IA last night dropping anywhere from 3 to 6 inches of rain! The next 14 days look dry which will help get fields ready for harvest. (8-14 day maps from NOAA are below)
Corn steady to 1c lower
Soybeans steady to 2c higher
Have a great day!