Corn
John Heinberg, Total Farm Marketing, says corn and soybeans see pressure from the fast planting progress and an open weather forecast next week, plus first notice day positioning.
Alan Brugler, A&N Economics, says wheat and corn ended lower but soybeans rebounded after early pressure. Cattle made more contract highs.
Total Farm Marketing’s Naomi Blohm says based on her research, corn growers will likely have an opportunity to lock in better corn prices over the next few months.
USDA’s latest crop progress report puts the country at 24% of corn and 18% of soybeans in the ground. Farmers are sharing timely rains and great conditions to start the season.
GDUs offer a more reliable method to predict corn emergence and development than using calendar days, according to yield champions David Hula and Randy Dowdy. They also offer their pro tip on how to assess planting and germination depth.
Brad Kooima, Kooima Kooima Varilek, says grains are seeing pressure on weather. However, both live and feeder cattle futures are making new contract and all-time highs on last week’s record cash.
Don Roose, U.S. Commodities, says grains had a quiet day as they were also consolidating around strike prices as it was May option expiration.
Learn about an Iowa plot trial that is looking at the yield boosting potential of strip cropping corn and cover crops.
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Darin Newsom, Senior Market Analyst with Barchart, Inc., tries to explain the higher day in the grains, especially soybeans, with the bearish Chinese trade news. So, what drove the rally?