AgWeb Radio: Opening Commentary 8-30-11

Mike Howlett of Top Third Ag Marketing said overnite corn was dn 10, beans 8 1/2 lower and wheat also lower 11. Crop condition report shows all grain poorer than last week. End users are at a point to decrease demand. On the other side China made a big purchase Friday. Beans are strong technically. This could be a "turn around" Tuesday. At open Corn lower 9-11, Beans lower 9-10, and Wheat lower 11-13.