AM Comments 09/07/16
Wednesday, September 7, 2016, 1:09 PM
Submitted by: Dustin Weiner
Soybeans are leading the charge higher overnight thanks to continues strong demand along with some concerning heavy rainfall. Northern IA and Southern MN got 1-3” of rain overnight (with more coming) and when you look at the forecast (7-day precip map is below) you see heavy rains coming for Eastern KS through Missouri/Southern Iowa/Illinois. This should keep a bid under beans as whispers of harvest delays and even crop loss creep across the trade.
Nothing much else going on today, the outside markets are mostly mixed although the $US is setting up as a friendly input after it collapsed yesterday – now trading below all of the major moving averages.
Corn 1 to 3 cents higher
Soybeans 8 to 12 cents higher
Have a great day!
2321 N. Loop Drive, Ste. 220 Ames IA 50010-8218
O: 515-817-2144 | C: 515-460-3228
This email is intended for the use of the person to whom it is addressed and may contain information that is privileged and confidential, the disclosure of which is governed by applicable law. Dissemination, distribution or copying of this information in an unauthorized manner is strictly prohibited. Sender accepts no liability for any damage caused by any virus transmitted by this email. If you receive this email in error, please notify the sender.