Soybean prices surged on Friday bolstered by the release of Informa’s production report Friday Morning. The surprise in the report was corn which they projected to be at 164.8 for this coming USDA production report due out Friday of this week. A second report showed Informa’s expected final yield of 158.5 bpa which shocked the market. Informa’s bean yield was a benign 44.1 bpa; Volume on Friday was moderate. Soybeans traded 124,053, Meal 59,652 and Oil 63,605. Funds were net buyers of an estimated 6,000 Soybeans, 3,500 oil and 2,500 Meal.

Opening call lower. USDA announced export sales of Soybean oil today. 40,000 mt to China, 21,000 to Peru and 29,500 to unknown destinations. After a 3 day holiday weekend and good harvest weather over the weekend expect the harvest progress to show in this afternoons crop progress report. The believe is that the Corn crop is finished and bean harvest reports will begin in the south. Commitment of traders report shows index funds long 156,796 up 433, Meawl 15,620 up 2,383 and oil 81,709 down 1,620. Hedge funds sold 3,453 and added 5,232 meal and sold 12,817 oil. Soybean open interest stands at 517,980 and Index and Hedge funds hold 283,255 of that. After the close we will see this weeks crop condition report. Most think the soybean conditions decline slightly. Look to come away from length today after Fridays rally and wait to buy November soybeans at 1022 to 1020 area. Risk a close below 1020. Outside markets should pressure the market early, $USD is trading 48 higher, Crude oil is $1.00 lower and the Dow Futures are trading 51 lower.

-- USDA's weekly Monday export inspections data will be released at 10:00 AM CDT on Tuesday, Sept 7 due to Monday's holiday -- USDA will release their usual Monday afternoon crop progress report on Tuesday, Sept 7, at 3:00 PM CDT due to Monday's holiday -- India's oilmeal exports during August were 244,075 mt, acc. to industry trade group. That compares to the prior month's 214,807 mt. -- On Wednesday, Sept 8 Stats Canada will release their grain & oilseed stockpiles data for the period ending July 31, 2010. -- Stats Canada: Analysts see Wednesday's Stats Canada July 31, 2010 Canola stocks figure around 1.20 mln mt, that compares to last July 31, 2009 stocks figure of 1.66 mln mt -- Stats Canada: Traders expect Wednesday's Stats Canada July 31, 2010 All Wheat stocks figure around 6.9 mln mt, that compares to last July 31, 2009 stocks figure of 6.547 mln mt -- Stats Canada: Traders expect Wednesday's Stats Canada July 31, 2010 Durum Wheat stocks figure around 2.8 mln mt, that compares to last July 31, 2009 stocks figure of 1.90 mln mt -- Stats Canada: Analysts see Wednesday's Stats Canada July 31, 2010 Barley stocks figure around 2.3 mln mt, that compares to last July 31, 2009 stocks figure of 2.84 mln mt -- Traders say Sept 15th is the bid deadline to participate in Egypt's 15,000 mt sunseed oil tender. The vegoil is for delivery in October. -- USDA will release their usual Thursday morning export sales report on Friday, Sept 10, at 7:30 PM CDT due to Monday's holiday -- USDA monthly crop report also will be released on Friday, Sept. 10 at 7:30 AM CDT -- In Malaysia Sept. Refined Palm Oil was quoted @ $922.50/mt., and Sept. Palm Olein was quoted @ $930.00/mt. -- Crude Palm Oil cash markets in Malaysia traded 2,720 to 2,725 ringgit/mt. -- Dalian May Soybean futures were up +7 @ 4,079 yuan/mt., as May Soymeal was up +14 @ 3,069 yuan/mt. -- Dalian May Palm Oil futures were up +18 @ 7,380 yuan/mt., and May Soyoil was up +10 @ 8,208 yuan/mt. -- Malaysian Nov. Palm Oil futures were up +8 @ 2,628 ringgit/mt., range on the day was 2,636 to 2,608. -- Liffe Nov. Rapeseed futures were down -1.25 @ 378.75 euros/mt. -- Globex Soybean Vol. 115,340; Pit Vol. 5,052; Open Interest Change: + 7,353 -- Weather: 6-10 Day Forecast: Normal to Above Temps. Normal to Above Precip. -- Outside markets: Energy Complex -1.33 at $73.27; Gold & Silver: +8.7 at $1259.8 & +0.051 at $20.000; US $ +0.520 at $82.590

Cash Markets -- CIF Soybeans steady off 4. Sept. +60 to +68, Oct. +68 to +70, Nov. +77 to +79, Dec. +76 to +80, Jan. +77 to +80, Feb. +70 to +80