April 17, 2014

We arrive at a sunny Thursday morning, with the markets on the up side.  The corn is up just a half a cent and the soybeans are up 5 3/4 cents at the monent.  The opening call will be mixed to higher with the weather and the unrest in Ukraine taking the headlings today.  We do have export sales out this morning and the soybean and the soybean meal numbers will be watched quite closely.  The forcast for the southwestern United States (wheat country) remains dry and thus that could be a factor in the corn market as we go foward.  The forcast for the corn belt seems to sticking with warm and wet for the next 6 to 10 days the way it looks at this time.  We anticipate the planting progress to behind next week Monday, but after that it should pick up and hopefully get back to normal numbers.  This is the last day of trading for this week as tomorrow we have Good Friday and there is no trading, we will start trading again on Sunday evening.  The markets are looking for some direction at the monent and there is very little farmer movement of corn as the the farmer put his attention to planting.  The basis is quiet and looks to stay that way unless we get a big movement in the markets either way, up or down.  Have a safe and happy Easter weekend!

Wayne
 
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