Markets are currently trading slightly lower this morning with corn down 3 cents and soybeans down 5 cents. Weather continues to be the driver of the markets through this week of trade. The outlook for the next 10 days calls for warmer temperatures and some drier days. The much needed warmer weather should give the crops a good boost as the number of growing days are becoming crucial with this already shortened planting season. With the heavy rains behind us and more optimistic temperatures on the horizon, I believe trade will be choppy in the days to come and not move too far in one direction or the other. The highly anticipated USDA stocks/acreage report is set to be released at 11 a.m. on Friday and a lot of eyes will be on that. Also, traders will continue to keep an ear open regarding the trade talks that are expected to happen between international leaders at this week’s G20 summit meeting. If you are sitting on any old crop corn, I would recommend calling in the days to come to make sure you take advantage of the opportunities that will arise in the next few days of trade.
Have a great day!