April 21st, 2015
Grain Marketing Specialist
CORN- Down 4 as of 7:45
Lower all night on CK as it sees a 3 ½ cent range and CZ sees two-sided range.
14/15 carryout up 54 mbu compared to last week to 1.917 bbu.
Planting progress at 9% complete vs 13% on average.
SOYBEANS- Down 1 as of 7:45
Two-sided to lower overnight trade as SK has overhead resistance at $9.83 ½, SX has resistance at $9.64 ½.
14/15 carryout up 3 mbu vs. last week to 351 mbu.
Brazil production unchanged, although Argentina production raised 1mmt.
WHEAT- Minneapolis & Kansas City- Down 1 as of 7:45
Lower overnight as wheat futures consolidate near recent low. Recent rains have helped winter wheat conditions though USDA pegged crop conditions unchanged at 43% g/e.
14/15 carryout at 185 mbu. Frosts/freezes for HRW wheat today in northeast Colorado, western Nebraska & northwest Kansas.