April 17, 2014
Travis Antonsen
Producer Marketing Manager

With the busy spring planting season just around the corner, do you have your pre-plant checklist complete?
Are your grain sales objectives and target orders placed and working?
• Have you taken one last look at the quality of any old crop in the bin before you go to the fields?
• Think safety
• Think safety
• Think safety

CORN: As of 7:45 – Steady
Ethanol numbers released yesterday showed sharp increase to 939,000 barrels per day, up 45,000 from last week, and has ethanol prices running lower. Export sales out this morning were at 23.7 million bushels of old crop, which was at the lower end of the trade estimates (22-33) and lower than the 31.3 we sold last week.

SOYBEANS: As of 7:45 – Nearby steady, Nov Up 3
May beans made new contract highs of $15.31 ¾ overnight before settling back to unchanged this morning. Soybean export sales out this morning were at 700,000 bushels and in the middle of the range -4-4). We did sell 14.7 million bushels of new crop beans this week.

WHEAT: As of 7:45 – MPLS and KC UP 8
Wheat looks to shrug off yesterday’s lower price action and is pushing higher again this morning…….Wheat export sales were good at 16.1 million bushels and well above the estimates of 2-9 million bushels of old crop.

*** The CBOT will be closed on Friday in observance of the Good Friday and Holy Week. Overnight trade will open again on Sunday night***