Corn     21%       14%     18%       16%
Beans    26%      13%      18%        23%

 
10-2-24
Markets were mostly higher with wheat/corn leading the way.  Harvest will be in full swing across the entire corn belt in the coming days as rain is absent from the forecast.  Most producers have elected to wait and forgo shelling corn while they wait.  With any help from the sun and/or wind tomorrow we should be back at soybeans in NW Ohio.  The recent rally has been rewarded by producers, but harvest pressure will be heavy the next couple of weeks.  The Fund position report on Friday will be watched closely. 



10-1-24
The post report response has been positive as all three grains have rallied on the news.  Yesterday’s stocks report jump started the buying in the corn pit as futures have made new rally highs on less bushels.  A beautiful harvest window is open for the Midwest with basically no rain in sight for 2 weeks.  There will be intense harvest pressure over that period.  If the market can rally during that period that would be a true test of strength.  Lots of marketing services have been advertising sell orders the past few days.  There has been a massive re-positioning of the Funds as they exit shorts.  Which leads to the next question of who will be left to buy this thing in the middle of harvest?  Please check the website for updated hours.