7:45 Market Direction:  Corn flat; Beans up 1-3.

Slow price erosion pattern in grains continues Thursday with fresh news difficult to find.

Weather turns a little more summer like this weekend with temp warm-up.

T-storm Weather®: unusual coolness breaks from west to east through Sat. across U.S. Corn Belt & does not return as highs in the 80s-90s & lows in the 60s-70s dominate over the 10 days that follow. Minor showers & isolated thunderstorms accompany the warm-up through Fri. (scattered 0.10”-0.50” totals). An organized thunderstorm cluster or two then form Sat.-Sun. within parts of the Dakotas & northwest two-thirds of Corn Belt, aiding some corn & soybeans with 0.50”-1.00” (esp. in/near MN & Dakotas).

China’s soybean cargo purchases through Wednesday have surpassed 30 cargoes, the highest weekly level in 3 weeks. Of the 30-35 cargos traded—20-25 were from Brazil and for new crop between Jan-July 2021.

Optimism is growing in Washington (that term has probably never been said with a straight face) that the stimulus bill is getting close to completion.  Jobless claims will be the focus this morning.

Covid vaccine progress being made with Novavax data now said to be very positive.

Gold/silver continue to rally.

Not much to move the dial today– spread trade the most dynamic.

Grains were lower overnight, slide continues?

Covid struggles continue; JB warns of state intervention.

Cool weather transitions to heat this weekend.

Corn - $3.88 Spring    

Beans - $9.17 Spring