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MARKET COMMENTARY

Morning Comments April 11, 2018

Wednesday, April 11, 2018, 8:04 AM
Submitted by: Landus Cooperative


Opening calls:

Corn: Steady

Beans: 8 cents higher    

 

Good morning!

 

Grains mixed this morning as it appears beans are still on the rebound especially after yesterday’s USDA report that showed a somewhat surprising ending stocks cut in soybeans. Focus now turns to U.S. weather - which, in the short term, remains bullish. Planting progress (or lack of it) will also be closely monitored in the next 4 weeks. Field work has begun in many areas but planting is scarce anywhere north of Kansas or Missouri. There’s plenty of work to get caught up on – hopefully mother nature gives us the window we need.

 

Export sales this morning:

120,000 tons of beans sold to Argentina in 18/19

141,518 tons of beans sold to Mexico in 18/19

 

 

 

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