Morning Comments July 5, 2017
Wednesday, July 5, 2017, 8:07 AM
Submitted by: Landus Cooperative
Corn 1-3 higher
Soybeans 5-10 higher
Markets reopen at 8:30 a.m.
Hard Red Wheat daily limit expanded to 45 cents. Corn and beans are both getting support from funds, wheat and weather. 6-10 forecast is calling for weather to not be as hot and dry as called for on Monday. This afternoon’s crop conditions report is expected to show that corn and soybean good to excellent ratings will deteriorate 1-2 %. Lots of farmer selling the last couple of days, which is putting pressure on basis. Offer contracts are an excellent tool in volatile markets. We would encourage you to set a target, especially on your Price Later corn and beans.