WASDE 11:00 CST

Corn and soybeans traded a little lower overnight along with wheat. Wheat continues to grind lower as traders look for a level of support to hold. It is hard for corn to rally with wheat laying on it so heavy. The average yield guesses for today are 173.4 for corn and 50.1 for soybeans. If USDA is near these levels look for a muted reaction or possibly a quick move down before grinding higher. The market participants for the most part are looking for friendly numbers but if USDA prints something close to last month look for a down move that will be quickly bought. There is too much uncertainty out there for either of these markets to break too much. For this morning, we will use 4.77 & 13.60 for support and 4.91 & 13.85 for resistance. NFC Grain Comments Options -9.12.23