Corn down 7, Beans down 15, Wheat down 14
Crude Oil- 91.72 down .26
US Dollar- 84.73 up .41
Dow- 17,305 up 39
There is a premium for corn delivered to Carrollton, Hardin, and Norborne by Sunday the 21st. Call the Richmond office and lock in bushels against that price as it is still subject to change.
Hours may be extended, it is best to call the elevator.
Crop Insurance Update Fall wheat price $5.93. Remember September 30th last day to add, change, or cancel wheat coverage.
Beans got smacked today closing a penny higher than the low for the day. Funds sold 6,000 lots. It’s the same ole story just a different day, it seems like any week day that ends in “Y” is a reason for the market to dip a little lower, every day the yields are coming in better and better. The weather it clearing up and looks like Mother Nature decided to raise the white flag for a week or so, for the most part next week is supposed to be conducive to crops.
Corn took the heat also, closing the session lower by 7 pennies for a few reasons the first being a stronger dollar, the second being yields, third is the weather, and finally its Friday. There are chances of rain tomorrow but not as significant as we had thought earlier in the week after that its supposed to clear up and be decent out for a while.
Wheat also took the heat this evening with funds seen as sellers of a few thousand. Spring wheat is working on getting finished up, winter wheat is being seeded. Really all things are working together a bit better today, and weather permitting will stay that way for the duration of next week.