Morning Comments July 7, 2017
Friday, July 7, 2017, 8:07 AM
Submitted by: Landus Cooperative
Corn +2 to +3
Soybeans +3 to +4
At one point last night, corn, beans and wheat were all lower.
Most of the talk today will be about the 7-10 forecast for weather. Still continues to be hot and dry.
Yesterday was pretty positive for corn. Wheat has been the main supporter of corn and with wheat having a down day, corn managed to fight its way back to only close 1-2 lower.
Beans are also looking at the weather forecasts and funds have been active.
Traders are already expecting the USDA to decrease the crop conditions rating next Monday because of the weather we have had this week.
Do you have your offers in place? Big jumps can happen in the market and having an offer in place helps take advantage of the volatility.