Prices were mostly a little lower overnight but this doesn't mean anything, coming ahead of the USDA. Crude oil is a little lower while the $ is a shade higher, not enough to impact the grains at this time.

The US delta will see more unwelcome rain today, further delaying bean harvesting. Drier weather is forecast this weekend but now the outlook calls for additional rain early next week, suggesting additional harvest delays. The southwest winter wheat belt had scattered rain the last 24 hours with more expected the next several days. The 6-10 day calls for above normal rain also, which could delay planting. The midwest saw up to 4" of rain in the southwest part of the belt the last 24 hours and up to 2.5" in the southeast part of the region during this time. More rain is forecast in the eastern half of the belt today. The 6-10 day predicts above normal rain too, all of which will slow early corn and bean harvest efforts. A hard freeze (temps below 28 degrees for 2 hours or more) in the northern half of the western midwest this weekend, ending the growing season there. A hard freeze might hit the northern half of the eastern midwest Sunday morning but this is not as certain at this time. Any immature crops are in danger from this cold weather threat and some damage is highly likely, the only question being how much?