FOR MONDAY: (8/22) Grains may hold up for 1 more day and some upward patterns aren’t complete to 1027 on Nov. beans and 352 on Dec. corn and 452 on Dec. wheat. We’re open to selling starting early Tuesday if the market reaches those levels. Weather forecasts are favorable for corn and soybeans with cool, wet conditions due in the Midwest next week. Severe storms develop in Kansas, Nebraska and Iowa on Friday with flash flood warnings posted for central Kansas. Cattle on Feed was mildly bearish and may be faded for a few days from oversold conditions. Hogs are waiting for cold storage late Monday.
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