7:50 AM (halt) Market Direction:  Corn unc, Beans up 7.  

Grains and oilseeds begin the day firmer though volume has been relatively light.

Yesterday’s export flashes helped corn bump and continue thoughts of weakening Ukraine production are drivers as well. Algeria bought corn overnight and tendered mid-day yesterday for additional wheat after buying a large quantity just last week. SoKor’s MFG bought 130 kmt wheat, likely U.S. in origin.

Spreads are relatively steady overnight though basis in many markets for both corn and soy remains difficult to get covered with logistics (transportation and elevation capacity) driving the issue more than available producer selling.

T-storm Weather®: The central U.S. remains divided by unusual coldness northwest and unseasonable mildness southeast over the next 10 days, leaving the northwest two-thirds much colder than normal with highs in the 30s-40s-50s and lows in the 10s-20s-30s, which is -10°F to -20°F from normal. Areas of rain and thunderstorms form every 12 to 24 hours in the Corn Belt until the sharp temperature gradient weakens next Tue.-Wed., producing 1.25” to 2.50” in corn, soybean, and SRW wheat areas.

Heard this one before . . . Pelosi and Mnuchin work towards a stimulus agreement, futures higher.

Look for a firm day as the market continues to struggle to create the necessary movement to satisfy cash markets.

Markets still looking for second stimulus package.

Weather divides the states in the 7-10.

Central IL corn harvest in full swing.

Corn - $3.88 Spring    

Beans - $9.17 Spring