Traders will be watching the Crop Progress report this afternoon for any improvements to conditions in Iowa, Nebraska and South Dakota. Last week these states saw bigger declines than expected. If today’s report shows the same trend as last week, we could see buyers step in and support pullbacks.
Get our daily in-depth analysis delivered directly to your inbox by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.