Good morning,

Corn is down 3, soybeans are down 1 and wheat is down 6 to start the week.

AgRural reported Brazilian soybean planting at 94% complete as of Thursday, up three points on the week, but down from previous seasons where the planting campaign was already complete at this point.

Brazil was mostly dry over the weekend while Argentina saw beneficial rains.

Limited rain for Northern Brazil are forecasted to begin mid-week and bring some degree of relief.  One to two inches of rain are forecast to move into the driest areas.

Price movement this week will depend on the rain amounts into Northern Brazil.  It was hot over the weekend with temps hitting as high as 108 degrees.  This rain needs to fall, or the crop will take turn for the worse after all of this heat.

Have a Safe Day!


Garry Gard