Mixed calls. Some siting disappointing yield and calling markets higher. Others see this coming week as the real test as most states will be going hard. Aside from a really good swath of corn from Champaign to Carbondale. Corn yields are coming in below USDA in IN, IL while IA might be above. Bean yields have little data to really say. Some say they are also below USDA but we have heard good yields in IL and IA and highly variable in IN. Many will be running on beans this week.
Dollar is flat and against resistance
Dec corn should probably be bought for a spec trade on breaks. It is holding the 200 day ma and Report day outside reversal up. However, it is against resistance
Beans are also holding the 200 day ma. Sideways trade cannot be ruled out.
Bill Biedermann
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