A slightly lower start is expected this am, 2-3 in wheat, 1-3 in corn and 5 in beans. The $ index is a little lower but so is crude oil and equities, giving little guidance to the grains.

Safras e Mercado, a widely-followed Brazilian analyst, estimated Brazilian bean planting is 13% done, way ahead of the 5% average for this early in the season.

Jan beans have rallied 13 out of the last 15 years from Oct 22 to Nov 17 so buy Jan beans tomorrow and sell them Nov 17 if you want to follow this seasonal trend.

Widespread rain is forecast to continue in much of the Brazilian bean belt but this hasn't slowed planting so far.

The southwest US had rain in the western part of the belt the last 24 hours. Up to 1.5" more rain is expected in the belt today-tomorrow. The Midwest was generally dry the last 24 hours. Up to 1.5" of unwanted, harvest-delaying rain is forecast over much of the belt the next 2-3 days. Additional amounts are likely early next week as well, which will further delay harvesting of corn and beans. The 6-10 day calls for above normal rain, none of which will be welcome.