FOR TUESDAY: (9/27) Storms are moving across the eastern Midwest this morning, their punch diminishing as the system moved east. Maps over the next seven days indicate little behind that front, which should increase the pace of harvest after a somewhat slow start. Official 6- to 10 and 8- to 14-day forecasts call for above average precipitation in the western half of the growing region, with the east drier.
Growers reporting lower average corn yields though soybeans are coming in good, with concerns about weather damage noted for both crops. Corn needs to take out 327 to project 323 and 320 into Wednesday’s low and then we have to deal with the short-covering rally before stocks report.