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MARKET COMMENTARY

Morning Comments August 2, 2018

Thursday, August 2, 2018, 8:08 AM
Submitted by: Landus Cooperative


Opening calls:

 

Corn up 3 -4

Wheat up 6-8

Soybeans down 5-7

 

Wheat is leading the charge again this morning and helping support corn. Soybeans still feeling the pressure from tariffs concerns. There are also private estimators coming out with corn yields for harvest already. Seeing a range from 164 to 184 bushels per acre. More range that we have seen in a while. Estimates on beans are few right now, but will start hearing more of these in the next 30 days. Weather forecasts for the 7-10 day is calling for cooler wetter weather through the Midwest. 10-16 days is calling for warmer weather again.

 

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