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Happy Good Friday! Seems a little cool and damp to plant potatoes. Spring is slowing making its way in our direction. Grain markets are closed today. Tuesday’s USDA Grain Stocks and Prospective Plantings report was just a little bearish to corn and beans. Labor issues in Brazil and Argentina have given the markets some support. Their yields are being reported as good. There’s no doubt the world has plenty of grain on hand. The southern US corn planting is off to a slow start. We are a couple weeks away from seeing planters in the field. Traders will be watching the US planting progress over the next several weeks. The grain prices remain in the defined trading range we’ve been in for several months. I only see prices advancing higher if we have some type of a weather issue in our growing season. Basis is staying strong as producers turn their attention to getting machinery ready for spring field work. Work has begun on our capital improvement project. The first step is the removal of the feed shed which happened today. The old dryer is scheduled to be taken down starting around the 15th. Work on the receiving pit should start shortly. Have a great Easter Weekend! Bob |
