Grains grains correct into Friday

FOR WEDNESDAY: (8/24) Crop tours in the Midwest are finding some minor problems in corn and soybeans, but apparently nothing serious enough to raise doubts about USDA big numbers for both crops. Also the tours move to Iowa and Illinois later this week where conditions are better. Weather forecasts remain favorable for corn and soybeans…


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Grains due for 2-3 day pullback

FOR TUESDAY: (8/23) Grains are overbought and due for a setback and there‘s nothing positive in the weekly reports. Would expect a 2-3 day pullback. Cattle should be up 1-2 more days and hogs look lower next week and not sure month to month declines in cold storage can save year to year stats.


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Grains may hold up 1 more day

FOR MONDAY: (8/22) Grains may hold up for 1 more day and some upward patterns aren’t complete to 1027 on Nov. beans and 352 on Dec. corn and 452 on Dec. wheat. We’re open to selling starting early Tuesday if the market reaches those levels. Weather forecasts are favorable for corn and soybeans with cool,…


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Grain cycles turn lower Thursday/Friday

FOR THURSDAY: (8/18) Severe storms may develop in South Dakota and Minnesota on Thursday and then in Nebraska and Iowa on Friday. Midwest weather turns cooler next week with rain likely. Rain lingers in Louisiana then but the heavier amounts move north. Recent rain and flooding in that state slowed exports as it slowed vessel…


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Pullback for grains

FOR WEDNESDAY: (8/17) Weather turns cooler next week in the Midwest with rain likely. Rain in Louisiana appears to be abating, which may ease flooding there and allow boats to be loaded with grain. Cash corn bids at the Gulf dropped about a dime late last week as rain and flooding disrupted export loadings. A…


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Grain cycles still friendly on Tuesday

FOR TUESDAY: (8/16) In the weather, current forecasts favor rain and mild temperatures this week. The seven-day forecast keeps rain in Indiana and Ohio, but the heaviest amounts are north and over the Great Lakes. The 6- to 10-day outlook (Aug. 20-24) has cool, wet conditions for the western half of the Midwest. Normal to…


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Grain cycles more bearish Sunday than Monday

FOR MONDAY: (8/15) In typical fashion the trade took profits on the bearish report and the worst may be over now. USDA expects a record 15.15 billion bushel corn crop, a 4.06 billion soybean crop and 2.32 billion bushels of wheat. The corn and soybean numbers topped all forecasts in some pre-market surveys and sent…


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Negative report could create oversold conditions

FOR FRIDAY: (8/12) Forecasts keep rain in parts of the Midwest the next seven days with the largest amounts in the dry areas of Indiana and Ohio. Severe storms move through Iowa today and rain could linger in the Midwest on Friday. The 6- to 10-day outlook (Aug.16-19) has hot weather in the northern Midwest…


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Cycles volatile for Friday’s report

FOR THURSDAY: (8/11) Forecasts keep rain in parts of the Midwest the next seven days, with the largest amounts in the dry areas of Indiana and Ohio. Severe storms move through parts of the eastern Dakotas today before dissipating. The 6- to 10-day outlook (Aug.15-18) has hot weather in the northern Midwest and northern Plains…


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Pre-report paralysis for grains

FOR WEDNESDAY: (8/10) Forecasts keep rain in parts of the Midwest the next few days, with severe storms likely in parts of the Dakotas. The 6- to 10-day (Aug.14-18) puts hot weather in the northern Midwest and northern Plains then, with below-normal chances for rain for much of the Midwest. Attention remains on Friday’s USDA…


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