Eddyville

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Annual shutdown will be September 14-18. We will not be receiving corn in this timeframe. 

Market Commentary    

Both Dec and March corn futures closed red today. With Dec being down 4c, bringing them to 5.36 ¾, and March down 3 ¾ cents to 5.52 ¼. Today being the 3rd session in a row to see red, taking back 9 ¼ cents of the 92 ½ cent rally seen since early August. The market continues to watch demand numbers, as well as hot and dry weather across the corn belt; especially going into harvest. Nov soybeans also falling today, with a –6 ½ cent change. The USDA reported an additional 9.2 million bushels of bean export sales this morning (weekly total: 34.5m bu). Wheat continues to watch potential ceasefires in the Black Sea; with Dec KC futures closing down 13 ¼ cents to end Fridays session. Escalation of US-Iran tension continues to bring watch to concerns of energy supplies, and though crude closed red today, it saw a weekly gain.