Corn down 2, Beans up 19, Wheat up 8
Crude Oil- 102.57 up 1.01
US Dollar- 79.72 up .06
Dow- 16,452 up 30
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.
It’s an awful nice day out once you get past the mud, other than that tomorrow is supposed to cool off a bit, a touch warmer on Sunday, and nearly 70 come Monday. As much as I complain about the mud we need the moisture as we are still on the drought monitor, there aren’t any real chances of rain or snow in the near future.
Beans were on a roller coaster today at the open we were up 18 or 19 this morning dropped during the session and were only up a penny at noon and managed to close the session up 20. Funds were buyers of 5K today. Exports continue to be strong, demand is strong, funds are putting money in the markets I wasn’t sure I thought this thing would hit $15 we continue to see double digit days, am beginning to think there is a possibility.
Corn was up overnight, we touched the $5.00 mark and that bought a really large group of corn into Carrolton, if you had in an offer you were a happy camper today if you didn’t, most were really wishing they did as corn closed lower on the board. Funds were sellers today of 5K on the day.
Wheat was on the positive side of trade today, closing the session up 8 pennies. Funds were buyers of 4K on the day. Monday is the independence holiday for the Ukrainians… we’ll see how that celebration goes. So far I haven’t heard anything else on the mess going on over there.
Have a good weekend