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MARKET COMMENTARY

Morning Comments October 17, 2017

Tuesday, October 17, 2017, 8:10 AM
Submitted by: Landus Cooperative


Opening calls:

Corn trading 1-2 cents lower

Soybeans trading 5-6 cents lower

Good Morning, Corn traded lower on the overnight session. Trade hearing of better than expected corn yields and disappointing exports, both of which are adding pressure to the corn market. US corn harvest was reported at 28% complete vs 47% average. Iowa at 13% complete vs 41% average.

Beans also traded lower on the overnight session after a weak close yesterday. A wetter forecast for Brazil and a dryer forecast for the US factored into yesterday’s downside. Bean harvest for the US reported at 49% complete vs 60% average for this time of year.  For Iowa we are only 32% complete vs the 66% average.

Hopefully, we can keep the sun shining and the rains away for a while and catch up on Harvest progress. 

"With his cooperative, the farmer can tell the whole story. Connecting the beans with the farmers and dairymen—who connect us all to the land." We're sharing the full story on our website. Watch the video and help us celebrate #CoopMonth by voting for your location!

Please, be safe out there
!

 

 

 

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2321 North Loop Dr., STE 220
Ames, IA 50010
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