FOR TUESDAY: (10/11) The weekly grain inspections report and weekly crop progress will be released on Tuesday. Rain has entered Midwest forecasts for this week and next week, which is a change from the hot, dry pattern that had been expected. The latest 6- to 10-day outlook (Oct. 12-19) has transitioned to a wet but warm pattern for the Midwest. The trade is on hold waiting for the reports and without higher prices, we have no risk/reward to jump on shorts. Cycle repeat from Sept. 2-3 should be lower the next few days for grains and we have a chance to get better prices to sell if we’re patient.
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