Corn and soybeans are currently up seven cents each. This is ahead of a wet forecast, which could slow down harvest progress for a week.
• USDA reported export sales of 260,000 MT of soybeans to unknown destinations.
• Buenos Aires Grain Exchange reports 34% of corn planted, with the early planting window coming to a close.
• Week ended 10/18 reporting US corn sales 32% ahead of last year, with a total outlook for the year of 2% ahead of last year.
Note that fall bids are in the $3.30 levels and February corn is at $3.60. Make sure to take time to watch markets during this busy harvest season.
Have a Great Weekend!