Sep 15, 2021

The USDA announced a soybean cancellation to China this morning of 132,000 ton.  That is the first time we have seen a cancellation.  It caused a slight panic at the open, but we shrugged it off nicely.  Corn was up 13 today on early yield concerns as there are some disease concerns.  I remain in the camp that the early corn won't be as good as the late maturity corn, but we won't know that for a couple weeks.  It might also just being as simple as buying it on sale, as we just traded below $5 futures last Friday. A run back to the 100 day moving average at $5.55 Dec futures would be healthy.  Beans tagged along up 12 for the day and is approaching $13.00 futures once again.  If you are planning to move beans off the combine basis remains stout for the time being.  Oats were up 24 cents today, I wonder what they know?  Other news was queit as we wait in most places for harest to roll.  

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