Corn 1 to 2 higher
Beans 6 to 7 higher
Weather concerns in South America are driving corn and beans higher. 7-10 day forecast calling for scattered showers but those are minimal chances.
Still lingering is the world demand for corn. Wheat is in competition and demand seems to be dropping for corn. Traders hoping in next Tuesday’s WASDE that the USDA will decrease corn yield again.
Also, what happens if farmers plant the estimated 94 million acres of corn that the trade is predicting for the 2020 growing season.
Rumors yesterday helped push soybeans higher that an Argentina major crushing plant is having financial problems. That pushed soybean meal higher, in turn-taking soybeans with.
December USDA WASDE will be released Tuesday, Dec. 10th at 11 a.m.