As much as 85% of the US Midwest got rained on this weekend in amounts varying between 0.2-0.8 inches, offering some relief for corn and soybean crops in the country’s main growing region. More rain is forecast for later this week, along with cooler temperatures.
The rain may have come too late to provide much help for the corn crop, but soybeans are expected to reap some benefit from the rainfall and cooler weather. Unfortunately, about a third of the soybean-growing region will continue to be dry.
Commodity prices for corn dipped again this morning, down about -0.7% at about $8.02/bushel. Soybean prices fell even more, about -2%, to below $16/bushel for the November futures contract. The US Department of Agriculture will release its supply/demand report this Friday, and traders and analysts are expecting another drop in the estimates for both the corn and the soybean crop.
Paul Ausick
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.