The market overall was weaker. The weather has moderated and some timely rains have helped to show improvement for the beans. Next week condition ratings may very well show more improvement. The big question now will be the western belt and weather or not rains are received. The oil share has gained of late. Currently at approx. 35%. These trends may continue next week if the weather picture remains intact. The usda report next week will be important to the market. The demand numbers will determine the carryovers. The average guesses are keeping the bean carryover at 440 million bushels or better. This ultimately is more than ample to keep the pipeline supplied. Especially given the growth in stocks over the last two seasons.
Be Well