Grains

Seasonality in the Corn and Soybean Markets

| Grains, Market Commentary

The one caveat this year presents is that late planting will cause a late start to harvest. Only 34% of soybeans are dropping leaves versus a 59% average and corn maturity is 29% versus a 57% average. Will a delayed harvest cause a delayed seasonal low (right triangulation)? We remain confident that the seasonal low in soybeans occurred in mid-May and the seasonal low in corn will occur during the first week of October.