MARKET COMMENTARY

The grain markets were mixed again overnight, continuing the recent sideways / choppy trend. Informa was out yesterday with their crop estimates and they raised both corn and soybean production estimates, the government will be out with their estimates next Tuesday, November 10^th.  Outside of that report next week, there isn’t a whole lot to discuss these days.  Poor export demand seems to be holding prices down while a general lack of farmer selling (especially in the Eastern Corn Belt) seems to be lending a bit of support, namely in basis and spreads.  Overall, until we see S&D numbers on Tuesday, we could be in for a choppy trade with opportunities for producers to sell rallies as well as opportunities for end users to buy dips.

Opening Calls

Corn 1 to 2 cents lower

Soybeans 2 to 4 cents higher

Have a great day!

@fccoopgrain