Corn up 1.25 cents, Soybeans dn 9.0, and wheat dn 8.25 today amid lower outside markets. The ugly weather was mentioned as support for the corn market today as analysts try to figure out what is left and what will be harvested. One company I read estimated:
Illinois 309 million bu
Iowa 146
Kansas 33
Minnesota 158
Missouri 35
Wisconsin 97
South Dakota 186
Total snow covered bu of 964 million after today/tonight
Usda supply/demand report out 7:30 Thursday morning with many looking for slightly lower demand on corn but nothing changed yet on corn or soybean production.
Bundle up tomorrow as the 2009 winter makes it's first impression on all of us.
Scott Meyer
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