Mid-Day Markets: Corn +1. Soybeans -4. Wheat +18.
Trade is mixed with corn up 1, beans down 4, and wheat up 18.  CZ18 and SF19 continue to trade above 10, 20, 50, and 100 day moving averages. Corn harvest estimated to be 85-88% complete, soybean harvest 92-95% complete. Wheat is finding some support from the EU milling wheat which is higher on continued weather concerns. AgRural is estimating Brazilian soybean seeding at 71% vs. 54% on average. As corn and soybean harvest comes to a close, grain analysts say political developments surrounding trade will be the next significant market mover. The US dollar is sharply higher and trading to the highest level since July 2017. ASF found in animal feed raised concern to pig farmers trying to avoid the disease. NOAA’s 8-14-day map is now showing well-above normal temps for the entire Midwest and Plains.  With the USDA being closed today, the weekly export inspections report and crop progress report will be delayed until tomorrow.
Have a great afternoon!!!
Chelsey White
Emery Branch Manager/Originator || Topflight Grain Coop
593 Emery Rd.
Maroa, Il 61756
E-Mail: cwhite@topflightgrain.com
Web: www.topflightgrain.com
This material should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any particular trading strategy, promotional element or quality of service provided by Topflight Grain Cooperative, Inc. Topflight Grain is not responsible for any redistribution of this material by third parties, or any trading decisions taken by persons not intended to view this material. Information contained herein was obtained from sources believed to be reliable, but is not guaranteed as to its accuracy. Contact Topflight Grains designated personnel for specific trading advice to meet your trading preferences. These materials represent the opinions and viewpoints of the author, and do not necessarily reflect the viewpoints and trading strategies employed by Topflight Grain Cooperative, Inc.


Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN