Warmer and wetter than normal in the recent NWS 6 to 10 day forecast for the Heartland. It's what the doctor ordered for corn and bean development while very problematic for winter wheat harvesting. Oats have dropped sharply the past two weeks as they've been planted on the prevent planting acreage. The crusty old timers look at oats for direction for the other grains and that does not bode well for flat price! We'll need weather extremes to excite the market beyond the Friday events! The trade is sensing few if any corn and wheat deliveries while bean deliveries could be healthy! Looks like we'll be on the defensive today with prudent profit taking ahead of Friday's events as well as respect for the forecast!
The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices.
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