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MARKET COMMENTARY

Morning Comments August 25, 2017

Friday, August 25, 2017, 8:08 AM
Submitted by: Landus Cooperative


Opening calls: 

Corn and beans both steady to a penny 

 

Good morning!

 

Grains slightly lower this morning after beans closed stronger yesterday.  The Farm Journal Crop Tour is seeing much lower pod counts on bean plants than anticipated. Corn results have been disappointing for the bulls in the market- results are expected to show a better than expected crop in the corn belt. On Wednesday they toured Illinois and Iowa- Illinois corn yield estimated at 180 vs 193.5 last year. Crop district #1 in Iowa is estimated at 178.6 vs 186.8 last year. The trade will be waiting for final results and summary today!

 

Have a great weekend!

 

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Ames, IA 50010
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