Morning Comments October 15, 2020

Harvest 3

Opening Calls:

Corn 1 to 2 lower

Beans 10 to 13 lower

Grains feeling pressure this morning from South American forecast of rain, along with dry wheat areas forecast for rain in the 7-10 day. Ethanol production numbers will be released today and concerns over ethanol production slipping a little bit, because of corn prices rallying. With harvest coming to an end in some areas, trade will soon know the supply side of the equation and look for more of demand side concerns.

We continue to encourage offers for either bushels yet to be harvested, in-store at the elevator, or in-store at home. Let us know your targets and we’ll put in an offer for you!