BOB'S REVIEW
Nov 17th
Oct 5, 2017
Aug 1st
May 31st 2017
May 8th
March 29, 2017
2/24/17
January 11, 2017
Dec 16, 2016
Nov 16th
Oct 4, 2016
July 1st 2016
June 17, 2016
May 23, 2016
April 25, 2016
March 29, 2016
March 1, 2016
Feb 5, 2016
Jan 15, 2016
Dec 23, 2015
Nov 13, 2015
Oct 29, 2015
Oct 2, 2015
Sept 22, 2015
Sept 4th
Aug 12th
Aug 3, 2015
May 26th
May 6, 2015
April 3rd, 2015
January 7, 2015
May 23, 2016  05/23/16 10:32:07 AM

The spring weather was been about ideal for planting.  The cold snap a week ago should now have hurt the crops around our area.  We could use a little rain and it sounds like we should get some this week. 
 
The trade is thinking the percent of corn planted should be around 85% complete and soybeans 65% when the gov’t releases their numbers later today.  Parts of Indiana, Ohio, and Michigan are lagging because of wet weather.  There are areas of western Iowa, Nebraska, and southwest Minnesota that haven’t progressed like in past years.  Argentina bean harvest is progressing with drier weather.  We still don’t know what kind of quality issues they’re going to have with this year’s crop.  Will they be able to meet their meal protein requirements?  We haven’t heard much about the Brazilian corn crop.  Is that good or bad?   
 
The markets have been pretty strong given the start of our growing season.  The fund managers like all kinds of commodities.  Will most of them defend their long positions or will the fundaments finally take over?  Corn basis has improved since the first of the month.   Farmer selling has dried up for the short term.  We’ve seen these prices before.   Bean basis continues to be weak.  The processors bought a lot of beans as the board raced higher.  They need to work through this supply before basis gets any better.  The river bid has drawn beans away from CR.  At some point basis values should reflect the flow of beans. 
 
The cement receiving leg drive has been repaired and is working.  Good for another 39 years!  The whse/shop footings and stem wall have been poured.  The dirt work has been completed on the new wet bin.  Weather permitting work should progress on both projects. 
 
We will be closed next Monday for Memorial Day. 
 
Have a great week.
 
Bob
 
Copyright DTN. All rights reserved. Disclaimer.
Powered By DTN