Closing Comments
Lynn Miller
October 19th, 2015
Another leak lower session on the overnights. A strong dollar, lower energies and an all clear for 4 more days of harvest weather are weighing.
Corn -2 ¼, Beans -1 ¼, Spring Wheat -1 ½, Winter Wheat -4 ½ into the pause.
Tonight’s harvest progress reports predicted to show corn at 60% and beans above 85% complete. Some export downers talked about this weekend would be the loss of business from S. Korea and Japan to South America. This shift in business could be hard for the US to make up while Brazil will be seeing a record export year. Corn is conflicted as it needs to buy 2016 acres under harvest pressure and poor exports. Improved weather in Brazil weighing on beans while forecasted rains in the Southern US and FSU are not helping the wheat story.
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