Good morning,
Markets are mixed to start the day with corn up 3 and soybeans down 2.
The ridge breaks down this week bringing more normal temperatures and chances for rain around the Midwest. The weekend was hot and dry as crop conditions headed backwards for another week. The driest areas will remain the same as most of the rains are pushed up North or settle in the Southwest.
Russia attacked Odessa and Danube River grain facilities over the weekend. Russia has said they will try to prevent grain out of the Ukraine leaving through the Black Sea. No compromise for a Black Sea grain corridor has been met.
Private estimates will start to come out this week for the next USDA report that will be released on the 12th. Look for the markets to trade sideways to higher today with the expectations that the crop conditions dropped over the last week with hot and dry conditions. For the time being we appear range bound and will need some outside news or early harvest reports that are disappointing to move this market higher.
Have a Safe Day!
Garry Gard
920-348-6844
