Corn: Steady to 1 higher
Beans: Up 3 to 4
Corn remains relatively unchanged as it struggles to find optimism in the marketplace. US ethanol production has fallen to a 21 week low and exports remain low due to competition from South America. Soybeans dropped double digits yesterday closing 12 to 14 cents lower. Trade talks are set to resume between the US and China in early October, however this seemed to be mostly ignored by the trade. The market will continue to focus on the frost date for the next 5 to 6 weeks as well as the September 12th WASDE report.
If you’re still looking to move old crop corn don’t wait! We are now offering a split bid for nearby delivery, with a premium for corn contracted AND delivered by September 13th. This is a limited time bid – for questions please call 877-778-2226.