We have some pressure on the grain markets this morning. New-crop futures are seeing some selling on talk of improved weather in the extended forecast. This week won’t be as wet as last week and temps are finally starting to look more spring-like. The outlook for the start of May is also more favorable. The heaviest pressure, however, is being seen in old-crop soybean futures. Listen to the “Monday Morning Wake Up Call” for more details on what’s in store this week.
Pro Farmer’s Monday Morning Wake Up Call
Traders are removing risk to start the week.
Related Stories
Grain markets all made new lows for the move on additional fund long liquidation says Randy Martinson with Martinson Ag Risk Management.
The row crop and cotton markets saw some early support Thursday from a rally in crude oil as doubts about the peace deal with Iran came into question.
Grains markets were mostly higher Thursday morning except hard red winter wheat following a bounce in crude oil says Mike Minor with Professional Ag Marketing.
Read Next
Some of the easier entry points for corn and soybean farmers looking to capture higher returns can deliver $200 or more per acre.
