Targeting 323 for Dec corn on Thursday

FOR THURSDAY: (9/15) Rain this week may slow harvest and one forecast puts moderate rain amounts in the next week from Iowa to Indiana. USDA late on Monday said the national harvest was 5% done, with Illinois’ at 3% and Iowa’s at 1%. Illinois crop sources on Tuesday, said harvest should gain traction this week if fields stay dry. Winter wheat markets closed a few cents higher helped by the lower dollar. Forecasts keep rain in the central Plains this week, which should help the winter wheat that will be planted this fall. USDA on Monday said 6% of the winter wheat was planted as of Sunday, compared with 7% a year ago and the 7% average. Thursdays are often weak for grains and we should easily see 323 for Dec. corn.