8-21-16

Pro Farmer Tour begins tomorrow the 21st thru Thursday 25th
Beans: reports of some fields showing SDS and white mold
The "Tour" should mention it and if its a concern
Springfield IL. has the 3rd wettest Aug. on record.
Aug. weather imho hasn't hurt corn or bean yields.
FSA acres are hinting there just might be more corn acres and bean acres
planted for the 2016 crop.

Start of the month prices:
LCV 111.72 LHV 59.05
CLU 41.60 DXU 95.49
CZ 342.75 SX 1003
WZ 435.75

The Tour to start, stay tune to your social media sites.

Tech:
Dec Corn
Res: 345.50-346.25 and 348.50-350 and 353.50-356.50
Sup: 341.25-339.75 and 336.75-335.25 and 331.50-330

Nov. Beans
Res:1010.25 and 1017-1023.50 and 1028.50-1030.50
Sup: 998-997 and 992.50-989.75 and 981-980.25 and 971.50
962.75-961.75

Looking at weather this week I'm a seller or rallies imho.
Both Crude Oil and US$ are nearing res. for Crude and support for the $
this week.

IMHO I still don't think corn has seen its harvest lows yet. Sept. is a seasonal
pressure month. Time will tell

Be Safe