Morning Comments October 25, 2017
Wednesday, October 25, 2017, 8:10 AM
Submitted by: Landus Cooperative
Corn: penny higher
Beans: 7 cents higher
Grains trading higher this morning after a lower day yesterday, especially in the soybean market. Bargain hunters showing their interest in beans last night and this morning as futures traded to their lowest level in nearly 2 weeks. Harvest pressure will remain strong, especially in the heart of the corn belt, limiting upside gains although we see active fund movement and strong demand for support. The weather is showing a frost/freeze occurring across most of the Midwest and Plains this weekend. For outside markets, the dollar is slightly higher and crude oil slightly lower this morning.
Thank you for your business, have a great day!