Weather Update (Oct 24)
According to USDA report today, soybean harvest moved another big step toward completion, while farmers got almost 20% of the nation's corn crop out of the field in one week. Monday's crop report shows 65% of the nation's corn crop and 80% of the nation's soybeans have been harvested. That puts corn harvest 14% ahead of the normal pace.Harvest figures show additional rapid progress in fall harvest in the western Midwest, with much slower progress in the eastern half of the Midwest due to last week’s significant rain. The weather over all looks pretty good. So basically the prices are forecasted to decrease.