Later last week I was at the National FFA Convention in Louisville and I guess I don't have the "touch" that Gordy and Marv do. It happens so many times that when Gordy or Marv are out of the office we have a big rally in corn and beans at least one day. Guess it does not work for me. Corn closed 1-2 cents higher Friday, and for the week December corn was only up 2-1/2 cents. Harvest pressure has been keeping corn prices in check and that should be winding down now. Traders expect harvest progress to be at 85 percent in Monday afternoon's Crop Progress report. December corn held key support last week at 3.75 and is now challenging the 20-day moving average at 3.90 to 4.00. Maybe next week we can take that out and start a post-harvest rally.

Beans did not do as well last week. Friday beans closed 5 cents higher but lost 11-3/4 cents for the week. Bean harvest should be pretty well finished so now we will focus on demand and, of course, the growing season in South America. It has been hot and dry in Central Brazil but a forecast of rain put beans on the defensive. We will need to see good demand for our beans and maybe some glitches in the growing season in Brazil to get a good post-harvest rally in beans.

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