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Thursday, August 11, 2016

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are slightly lower ahead of export data later this morning. The US Dollar and stock indices are higher while crude oil is near unchanged.

Friday’s USDA August Supply and Demand report is taking precedence over all other issues, keeping grain markets in a trading range. Yield is creating the most discussion as newswires survey of analyst has a wide range of expectations for corn. Soybean yield estimates are looking for higher average production which is the crop that could be affected by rainfall or lack of over the next several weeks.