FOR TUESDAY: (9/13) Rain is moving across the Midwest this week with severe storms forecast for Nebraska and Iowa today. Concerns are that such weather could hurt the mature corn and soybeans. The 6- to 10-day outlook (Sept 17-21) favors rain in eastern half of the Midwest and dry conditions for the west. We generally favor lower grains into at least Thursday and aren’t in a rush to be buying until they are very oversold and now we are dealing with harvest pressure. Cattle look lower a few days and in case more happens, we should get short a bit and hogs look higher on Tuesday but then be in trouble.
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