Morning Market Insight

August 6, 2018
Travis Antonsen
Producer Marketing Manager
CORN:  As of 7:45 – Up 1

Corn is slightly higher overnight in a fairly tight trading range.  We are watching for the USDA report that is due out on Friday……specifically what they will do with yields.  Dec corn held the 50 day moving average on Friday and into the overnight, watching the 50% retracement level at $3.85.

SOYBEANS:  As of 7:45 – Down 10
Down a dime overnight as we give back Friday’s gains.  Not much precip in the forecast for the upper Midwest over the next 7 days……will that start to impact yield in the Dakotas?

WHEAT:  As of 7:45 – Mpls Up 3, KC Up 4
Looking for HRS harvest to make good strides this week as warm temps and little chances of precip should assist harvest progress.  Wheat prices continue to be lifted on production concerns in other parts of the world, namely Europe.

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