AM Comments 10/18/16

Tuesday, October 18, 2016, 1:10 PM
Submitted by: Dustin Weiner

Our markets spent a good portion of the night session trading higher but have run into what looks like technical (chart) resistance and were trading lower at the 7:45am market pause. After a few days of nice rallies – we may be taking a break.


Yesterday afternoon’s crop progress report pegged US corn harvest at 46% complete and US soybean harvest at 62% complete (maps below). The corn number was a little behind the estimates but soybeans were pretty close. Both of these numbers are behind the 5-year average pace, but it’s close enough to “average” that there still isn’t much concern out there about harvest delays. The weather forecasts still look pretty favorable – although the outlook is not something I would call “wide open” as it appears like there will be a few rain breaks over the next few weeks.


Opening Calls

Corn 1 to 2 cents lower

Soybeans 2 to 4 cents lower


Have a great day!








Dustin Weiner
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.



« Back

© 2019 Landus Cooperative, All rights reserved.
Landus Cooperative
2321 North Loop Dr., STE 220
Ames, IA 50010
Find Landus Cooperative on
facebook icon twitter icon youtube icon blog icon