FOR THURSDAY: (8/11) Forecasts keep rain in parts of the Midwest the next seven days, with the largest amounts in the dry areas of Indiana and Ohio. Severe storms move through parts of the eastern Dakotas today before dissipating. The 6- to 10-day outlook (Aug.15-18) has hot weather in the northern Midwest and northern Plains then, with below-normal chances for rain for much of the Midwest.
For Friday’s USDA report, private firms expect expects corn crop of about 14.59 billion bushels at 168.6 bpa and a soybean crop of 3.865 billion at 46.65 bpa. USDA currently has corn at 14.54 billion bushels and 168 bpa, and soybeans at 3.88 billion at 46.7 bpa.
Not much to do on Thursday. Cycles for Friday seem volatile so will stay open to see lower pattern completed with a very bearish report.
