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MARKET COMMENTARY

4-24-14 PM Comments

Thursday, April 24, 2014, 2:04 PM
Submitted by: Jon Setterdahl


Really not much new to talk about today, other than which weather forecast you believe. Appears the first front has already blown through, with heaviest rainfall amounts along I-80 and east of I-35.  Northwest Iowa only received .2-.4 inches.  Next 2 days look much better with sun and warmer temps.  Larger rain-maker sets in Sunday-Tuesday.  Export sales out this morning not much of a market factor with corn at 24.4mln bu and beans at 0. Weekly planting progress will be important next Monday afternoon.  Trade will be hopeful to see national progress in the 20-25% range (it was 6% this week).  Corn market set back a little today, while beans stabilized and moved a little higher.  Wheat was up on dryer forecast for the plains.  Market calls for tonight’s session are mostly steady.

 

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