Photo by Wouter Supardi Salari on Unsplash
 

We kickoff the day with Fed Cook Speech at 7:50 A.M., S&P Global Composite PMI Flash, S&P Global Manufacturing PMI Flash, and S&P Global Services PMI Flash at 8:45 A.M., Baker Hughes Oil & Total rig Count at 12:00 P.M., and Cattle on Feed at 2;00 P.M.

On the Corn Front as the Midwest harvest quickens with drier and warmer areas, the Eastern Midwest and Southern should pick up the pace on harvesting. West Midwest is still having a wet forecast but autumn is among us. The market is grappling with fair market value and you look at the farmer and what you paying at the pump after you visit the grocery store. Well, we all feel it! The market is trading risk off at the moment following the hawkish comments from the US Central Bank. Thursday's preliminary open interest showed a decline of 2,854 contracts in yesterday’s action. In the overnight electronic session, the December corn is currently trading at 477 which is 1 ¾ of a cent higher. The trading range has been 477 ¼ to 474 ¼.

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