Corn down 3, Beans down 5, Wheat up 3
Crude Oil- 104.35 up .59
US Dollar- 79.84 up .01
Dow- 16,439 up 14
If you have any remaining treated beans in your trailers, CLEAN THEM OUT before mixing them with anything you plan to take to the elevator. FDA regulations strictly prohibit any treated beans to enter commercial channels. The financial exposure you expose yourself to if you do deliver beans that have been mixed could be severe.
Overcast and chili today, however no precipitation. I heard yesterday farmers are anticipating a return to the fields with planters by Saturday. There forecast calls for 70 by Saturday and rain moves in Easter morning.
Beans were lower by 4 pennies today on news that Brazilian premiums are slipping. Funds were sellers of 2,000 on the day. There isn't much news in regard to the Chinese. Export numbers were out this morning old crop beans 19,200 tons old crop and 400,700 tons new crop.
Corn lost it as well today, closing the session down 3 pennies; funds sold 3,000 on the day. There was more talk of tension between Russia and Ukraine today. Export numbers came in today at 601,900 tons old crop and 192,000 new crop. Like I said I think there will be people trying to plant corn again this weekend before rain moves in Sunday morning.
Wheat was the only one to keep the positive side of trade on tensions with Russia and Ukraine there’s a meeting scheduled in the near future, a little pow-wow everybody is going to kiss and make up… time will tell on that fiasco. Crop condition is out Monday, I wish I had a thought on how that’s going to look but everyone I talk to has a different story.
The markets will be closed tomorrow in honor of Good Friday. So unless I hear something that’s of great importance tomorrow will be a silent day. Feel free to call and visit about crop condition, or markets.