On the supply side, the forecast of planted and harvested acreage of soybeans in the October report will reflect any new information coming from the National Agricultural Statistics Service (NASS) crop production survey as well as administrative data, primarily from the Farm Service Agency (FSA)
In the overnight session the grains traded higher with corn up 1/2 a cent, soybeans up 3 3/4 cents and wheat up 3 cents. The outside markets are mostly supportive with the U.S. dollar lower by a fraction of a percent, the S&P trading marginally higher and crude oil up 56 cents this morning. Traders are anticipating the Friday release of the USDA October Supply and Demand Report.
With harvest yields continuing to increase and demand for animal protein continuing to rise, the need for storage and production has never been greater. In the Midwest, it can be hard keeping track of what is being built, so Feed & Grain has compiled a list of ongoing or recently completed construction projects with in-depth looks at five of them.