A lower start is indicated across the floor by overnight losses. The early call is 10 down in wheat and beans, 5 lower corn. The $ index is a little higher while crude oil is slightly lower, not enough to strongly influence the grains but still a little negative for them. There isn't a lot of fresh news yet this am so traders are likely to continue focusing on the weather and the $ for direction in the grains.

Friday is first notice day for Nov bean deliveries with very few, if any, expected to be delivered.

There has been a lot of rain in southern Brazil lately but conditions are now expected to turn dry there the next several days. The north will see scattered rain tomorrow into early next week. Conditions are very favorable overall at this time.

The US southwest was mostly dry the last 24 hours. Rain is possible tonight into Friday, up to 1.5", which could slow late planting of the crop. Mostly dry weather is predicted Sat-Mon, which will be welcome. The midwest saw dry conditions in the west the last 24 hours but scattered rain in the southern part of the east with up to 3/4". Most of the midwest will be dry today-tomorrow. Rain is likely in the west starting tomorrow night, sweeping across to the southeastern part of the belt by Friday and bringing up to 1.5" of unwanted rain. More rain is possible Saturday-Monday but the 6-10 day forecast calls for generally below normal rain, which will be very welcome and should allow for a big increase in corn and bean harvesting.