Markets are slightly higher to open the day with corn and soybeans both trading 4 higher.
Strength this morning is coming from a stronger weekly export report along with lighter trade with many taking an extended holiday weekend. Weekly exports came in at 72.8 million bushels which is on the low end of trade estimates, but the largest we have had since last spring.
Now is the time that producers should be planning their sales for December bin coring and putting in firm offers for sales in Q1 to keep grain flow and monitor quality. This years crop was good, but not as good as last year and monitoring your bins is critical. With exports significantly behind last year and the pace needed to meet USDA projections, this market is not going to run higher anytime soon.
I look for lighter trade today with the markets closing at 12:05am.
Have a Safe Day!