Wake Up Call Allendale Advisory Center: Grain markets are higher�as traders grow concerned over excess rains in parts of the Midwest. Outside markets await comments and a rate decision from the FOMC meeting which starts today.
Corn harvest advanced a little slower than expected according to USDA's Crop Progress report. Corn was reported 9% harvested vs the average analyst estimate of 11%, and the 12% five-year average. The crop was rated 93% dented and 74% good to excellent.