Morning Comments October 15, 2018
Monday, October 15, 2018, 8:10 AM
Submitted by: Landus Cooperative
Corn unchanged to -1
Beans unchanged to -1
This weather hasn’t cooperated much the past few weeks, but (fingers crossed) it appears we may have a few days in a row of good weather coming this week. At least until Saturday’s next event. It would be nice to miss one of these events. This afternoon’s Crop Progress and Conditions report is expected to show 36-39% of the U.S. soybean and corn crop harvest is complete. Globally, limited rainfall is forecast for much of Argentina’s corn and wheat areas over the next 7 days. Brazil’s forecast remains conducive for seeding and crop development.
Outside markets are somewhat supportive, with the Dow Jones and U.S. dollar lower; gold and crude oil are higher to start the day.