9/19/2024 8:00 am

Corn market is slightly lower this morning as US equity markets surge overnight in delayed response to the Fed's 1/2 point cut. Expectations are the Fed will cut rates by another 1.50 basis points by the middle of 2025. US dollar under pressure as a result.

US corn harvest continues to find record or near record corn yields.

US weekly export sales were in the range just over 33 mln bu.

This morning's weather maps are in better agreement about tracking Gulf storm at end of Sept toward Florida panhandle and up East Coast instead through US center Gulf and Miss Delta valley.

Support for CZ at $4.05 and $4.00 while $4.15-4.16 is stiff resistance.

 9/12/2024