Highlights
Several of our Eastern Corn Belt clients informed us yesterday afternoon and evening that the wind on the wet corn stalks really knocked a lot of corn down late Friday to Saturday morning. Bob told us the Case IH dealer in Urbana of Champaign County, Ohio sold two corn reels yesterday morning.
Soybean yields from about a dozen farms in northeast Illinois range from 25.4 to 65.1. Three in the 20's, one 39 bu, three in the 40's, one 53.7, and two in the 60's. Two farms in Northeast Iowa beans yielded 69 and 80 bushels.
China’s stock market had its best week since 2008. Stock prices go up when investors expect better business profits. Better business profits mean business will expand production and more employment, which increases demand for crude oil and all other supplies.