April 25, 2016
Grain Marketing Specialist
Export Inspections out at 10:00 AM and Crop Progress out at 3:00 PM.
Corn: Up 1-2
This afternoon’s crop progress report is expected to have corn planting 25% completed compared to 13% last week. Weather looks to be cool and wet in the 6-10 day outlook (maps below). Export Inspections released at 10 AM this morning; Corn-41.5 needed; 42.9 last week. Milo-3.2 needed; 7.6 last week
Soybeans: Down 3-5
Lower this morning as South American weather is improving; Argentina saw some scattered rains over the weekend but forecast looks to be dry after that. Brazil remains dry for now, but showers will build later in the week, relieving dryness stress. Export Inspections released at 10 AM this morning; Soybeans, 8.0 needed; 9.4 last week.
Wheat: Down 1-4
More rain is expected across winter wheat areas over the next couple weeks, and crop conditions are expected to be steady to 1% better because of the beneficial moisture. Spring wheat planting progress is expected to be at 40% complete compared to 27% last week.