April 24th, 2013
Corn as of 8:00am 2 higher. Dec. unchanged to a penny lower.
Corn drifting lower yesterday as weather in the Corn Belt looks like it is going to get drier and warmer. Funds are expecting rapid planting when farmers can get into the field thus making up for the difference we are seeing here with the early planting delays. Flooding on the Mississippi is disrupting barge flow. Bottom line bearish trend for now.
Soybeans as of 8:00am 1 higher Nov unchanged to a penny lower.
Soybeans following suit with better weather coming in. There is still the concerns over how much corn will get planted and what will get switched to soybeans. Demand is slowing and Bird Flu in China making trade uneasy.
Wheat as of 8:00am Spr. Wheat 1 lower. Win. Wheat 4 higher.
Wheat losing some along with the row crops again as traders seem unworried about potential frost damage. Next week already starts the winter wheat crop tour in the south, what will they find?