Our markets are higher this morning, a couple cents higher in corn and double digits higher in soybeans. The outside markets are a slightly friendly input: the dollar is a touch weaker while the DOW and crude oil are a touch stronger.
The trade is still discussing Ukraine and the forced slowdown of their wheat exports – this has wheat double digits higher this morning. In South American weather news, Southern Brazil and Argentina have experienced some heavy rainfall (4-5”) which is slowing down the planting of soybeans. While still early, this is starting to get the market’s attention as the forecast for the week still looks wet.
Other than that, expect a quiet day as fundamentally there is very little to discuss.
Currently
Corn is steady to 2c higher
Soybeans are 11 to 14 cents higher
http://www.fccoop.com/markets/information.cfm
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