Good morning,
Markets are quiet to start the day with both corn and soybeans up 1 cent.
The direction of the grain markets is starting to change slightly as planting progress figures track near average and concerns around a 2019 type situation dissipate. While the crop will get planted, we must acknowledge planting conditions have not been ideal during the last couple weeks and questionable stands are out there, especially in IA where rains have been the heaviest. I don’t think we have enough concern to warrant a yield cut from the USDA in June. We may learn new information in the coming weeks that could change that, but I wouldn’t project it today. I want to continue to reiterate the importance of taking advantage of this weather premium to make sales of both old and new crop corn.
There will be no markets on Monday as the trade honors Memorial Day.
Have a Safe Weekend!
Garry Gard
920-348-6844
