Good morning,
Corn is unchanged and soybeans are up 2 to start this Friday.
It’s nice to see more upward momentum this morning, but traders most likely won’t move things much higher ahead of Mondays quarterly Stocks report.
Monday’s reports could easily help end this current rally. If the numbers are bullish as expected, the markets may dip slightly and then resume their sideways pattern.
Hurricane Helene made landfall last night as a Category 4 storm with 140 mph winds. This was the strongest hurricane on record to hit the Big Bend coast of Florida. The size of the storm was immense, with the width of the wind field spanning nearly 600 miles. It caused historic flooding along Florida’s coast before moving into Georgia and the Carolinas overnight. Millions of homes across the Southeast are without power.
The remnants of Helene will move into the mid-South and southern portions of the Midwest this weekend, producing widespread rain with the potential for localized flash flooding.
Monday afternoons harvest progress should again show us ahead of the 5-year average as the Midwest weather has been favorable.
Have a Safe Day!
Garry Gard
920-348-6844
