Harvest, Markets, and Rain

I heard a report yesterday from the USDA that soybean harvest was 67% complete, but corn harvest was well behind normal. To me, that means soybean harvest is also behind as there is still 1/3 of the crop to be harvested. Anyone that has looked out their window knows today that not many soybeans are getting harvested for the next several days. All this adds up to look somewhat bullish on the markets, but quite the opposite is happening today in Chicago. This doesn’t make much sense to me, but that is why I am a technology expert and not a market expert. I attached another picture here of what the EZ Steer looks like while cutting soybeans. At least this gives a glimmer of drier days…

On a side note, I got my weather station hooked up before the rain started, so anyone wanting to know the current weather conditions in Neola, IA can view my station here: http://www.wunderground.com/weatherstation/WXDailyHistory.asp?ID=KIANEOLA1

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