April 25th, 2013
Drew Johnson
Grain Originator

Corn as of 8:00 am. 4 higher    Dec. 1-2 higher   

We see corn moving higher this morning. Ethanol reports yesterday had production up to 853,000 versus 832,000 last week. These numbers are keeping pace with USDA predictions. Weather forecasts still seem to be presenting an overall dry pattern for the next few weeks, but trade watching a developing system that could come through next week and delay planting more. Trade expecting little progress with next week’s planting report.

Soybeans as of 8:00 am. 10 higher     Nov. 7 higher   

Soybeans recovering from losses this morning on hopes of a good export report today. Fear still looms however with the bird flu situation in China. Fears of outstanding soy sales to China could be canceled. There is about 1.1 million outstanding. Bird flu now discovered in Taiwan. Taiwan livestock industry reporting major livestock financial losses. Some say worst in history.

Wheat as of 8:00 am.  Spr.  Wheat. 5 higher     Win.  Wheat. 5 higher

Wheat is also rebounding a little this morning. Winter Wheat crop tour is set to begin next week. Traders are trying to wrap their heads around this. They will be watching reports. Spring Wheat planting is dragging also.