FOR WEDNESDAY: (8/31) Grains didn’t turn up yet but are still in a place for a short-covering rally although at this point it will not mean much. Weather forecasts remain favorable for corn and soybeans, with showers moving across the Midwest this week. Hot conditions arrive next week along with rain across the western portion of the belt. The tropical storm in the Gulf of Mexico is expected to track north along Florida and remain clear of crop areas in the Delta. Cattle finally reversed and should be up a few days now until Friday and hogs continue to hold up and could be up one more day but can be sold on Thursday into Friday in case they come off strongly.
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