Grains are trying to recover at midday:
Sept Corn – 4 3/4 cents/bu (5.47 1/4)
Dec Corn -5 3/4 cents/bu (5.34)
Nov Soybeans + 29 1/2 cents/bu (13.34 1/2)
Sept Chi Wheat + 1 3/4 cents/bu (6.27 3/4)
Cdn $ -0.00075 (80.165 cents)
WTI Crude Oil -1.42/barrel (71.95)
No reports are out today due to Monday’s holiday delaying report releases by a day.
Yesterday’s USDA Crop Progress Report showed a 1% drop in soybean good/excellent ratings and a 3 % drop in spring wheat good/excellent ratings, which is lending support to prices this morning. Corn conditions stayed the same good/excellent from last week at 64%.