What an awesome week in the weather department. The extended forecast is ideal with a lot of sun and a little rain mixed in over the next two weeks. Planting is about finished. The corn crop is looking great. It doesn’t look like the frost did much damage. Rain fall has been spotty. I have seen some hay being baled and should see more being mowed and baled next week.   

 

Tis the season for market volatility! Outside market influences keep changing. World economic issues are in the headlines.  Weather is a non factor in the short term. Chinese purchases have lent some support in the corn market. The trading ranges we’ve talked about for the last 3 months are still giving support and resistance. There isn’t a lot of new fundamental news to talk about. Corn basis is still pretty wide. Bean basis has narrowed since last week.

 

Our office will be closed Monday and there will be no markets until Monday night.  

 

Be careful and have a great Memorial Day weekend!        

             

Bob