Good morning,

Corn and soybeans are both slightly higher this morning with corn up 2 and soybeans up 10.

Corn and soybeans have shifted the attention from supply to demand as harvest progresses along. Corn harvest was reported at 52% complete compared to 41% last week. Soybean harvest is 60% complete compared to 49% last week. Wisconsin corn harvest is being reported as 32% complete compared to 24% last week and 18% for the five year average.

The South American forecast is staying very wet.  Most of Brazil will see rain in the next week and more scattered showers thereafter.  Amounts of 1-3 inches will fall this week.  Argentina is dry for the next 10 days but turns to significantly wetter thereafter.  Brazil planting is 22% complete.  Soybean farmers in the Center-West and Matopiba regions have been reporting that some fertilizer and glyphosate deliveries have been canceled by suppliers.

Have a Safe Day!

Garry Gard

920-348-6844

ggard@didioninc.com

Good morning,

Corn is up 2 and soybeans are up 1 to start the week.

Markets look to start the week off steady to slightly higher this morning as we move into the second half of October. Another great weekend for harvesting with estimates pushing 65% of soybeans completed and 50% of corn harvested.

Favorable weather in South America has led to a fast-planting pace.  Mato Grosso is reported 45% of soybeans planted vs the five-year average of 25% and compared to 8% last year.

The forecast for US weather is for spotty rains in the Central US and heavy rains out West.  The Pacific Northwest has turned to wet and some of that moisture is pushing over the Rockies.  The flow of humidity that was coming up from Texas looks to back off this week.  Harvest is expected to be over 50% complete for corn and beans, this weather will help push things along.  Temps will stay warm enough over the next week, but a little cooler than its been.

Have a safe day!

Garry Gard

920-348-6844

ggard@didioninc.com

Good morning,

Corn is up 9 and soybeans are up 10 to start the day.

Rumors that China has bought 10-15 cargos of soybeans of the US Gulf is circulating this morning that has soybeans leading the charge this am. Weekly export sales were solid with corn and soybeans coming within expectations. US prices still remain competitive in the world markets, but are not the best as of this morning. Higher markets will continue to make the US less attractive going forward which may keep a lid on prices into the spring/summer.

Weather risk premiums have shifted back to Brazil as they start their new crop cycle. If they fail to have weather concerns this corn market has the potential to drop another 40-50 cents in the next month with US harvest pressure. I don’t think we trade that low, but we have to realize the risk is there.

Have a safe day and Happy Harvesting!

Garry Gard

920-348-6844

ggard@didioninc.com

Good morning,

Corn and soybeans are both unchanged to start the day. The corn market was down sharply again yesterday as traders continued the selloff following Tuesday’s report.

Following Tuesday’s report there are several traders and analysts that feel the final US soybean crop size could increase and that demand for corn and soybeans could drop from USDA expectations. Harvest pressure along with favorable South American weather will continue to weigh on US prices. Long term I look for soybeans to be the leader in the markets and at this point would expect that direction to be lower. Better yields, lower demand and expectations for a larger South American crop all point to beans heading lower.

Traders will be watching the ethanol production report later this morning to see if we get another solid number after last week’s production of 978K barrels per day.

Reminder that Compeer Financial will be onsite today serving bag lunches from 11am-1:30pm.

Have a Safe Day!

Garry Gard

920-348-6844

ggard@didioninc.com

Good morning,

Markets are weaker this morning with corn down 6 and soybeans down 9 as we await the USDA report at 11am. Trade estimates are listed below.

USDA 2021 Yield (bu/acre)

USDA 2021 Production (billion bushel)

USDA 2021/22 Carryout (billion bushels)

In addition to this report at 11, we will have export inspections and harvest progress released today.

Have a Safe Day!

Garry Gard

920-348-6844

ggard@didioninc.com