FOR FRIDAY: (9/16) We did more cycle work and more likely to see grains lower on Friday and recovering Sunday/Monday and then generally lower much of next week. Given seasonals and harvest pressure, hard to see much of a rally coming the next few weeks. We would continue to favor shorts there. Rain moves across the Midwest this week with severe storms expected today in Nebraska. The seven-day outlook puts rain in the Midwest and the latest 6- to 10-day outlook favors hot weather there then and above-normal chances for rain.
Comments are closed.