FC Market Commentary Afternoon 4.21.14

Tough day in the markets to start the week.  Corn/beans/wheat all lower on generally good weather and the lack of escalation in Ukraine over the weekend.  Weekly export inspections out this am were huge on corn at 62.9 mln bu, slow on beans (as expected) at 5.1mln bu.  Weekly planting progress just out this afternoon shows corn 6% planted nationally.  Iowa was 2%.  Market was expecting a national number of 10-12%, so this may be a bit supportive to prices tonight.  Weather calls for good precip chances Wednesday and again over next weekend.

Jon Setterdahl

FC Coop

Ames, Iowa