4-15-13 AM Comments
Monday, April 15, 2013, 7:44 am
Submitted by: Jon Setterdahl
Happy Tax Day to Everyone!
Markets are all lower due to longer range forecasts that look
drier (although this week looks wet) and more importantly, outside markets that
are all negative. Crude oil, metals, and equities all lower in early trade.
Chinese GPD also lower than expected.
Western corn belt feeling much better about soil moisture
with good rainfall the last 10 days. Although the rain has been a good thing, we
do need a window to get corn in the ground. Planting progress will be out this
afternoon and will be minimal, especially if compared directly to the rapid pace
of last year.
Corn/Soy both down 10-12 cents in early trade.
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