Sun 4/21
Mon 4/22
Tue 4/23
Wed 4/24
Thu 4/25
High
76 F
61 F
62 F
68 F
Low
59 F
46 F
39 F
45 F
50 F
Precip
45%
80%
0%
Good Morning! The grain markets are mixed this morning with soybeans finding mild support while wheat continues to find pressure. The US and China have tentatively scheduled a fresh round of meetings as they hope to close the trade deal. This news is seen as supportive but likely too late to help change this year’s burdensome stocks scenario. US and Chinese negotiators have scheduled another round of face to face talks, and that a signing ceremony between Trump and China's President Xi could possibly come in late May or early June. The average trade estimate for today’s Cattle on Feed Report has the number of cattle on feed as of April 1st at 101.8% of a year ago. Placements in March are pegged at 103.8%. Markets are estimated at 96.8% of a year ago. Celeres, of Brazil is estimating the 2018/19 soybean crop at 115.8 MMTs up from its previous estimate of 113.8 MMTs. Total corn harvest at a record 97.9 MMTs, unchanged from previous forecast. Moderate to heavy rainfall is pushing across the Delta and southern Midwest into IL, IN and into OH this morning after producing moderate rains in MO, MN and WI during the overnight hours. Rainfall totals throughout IA were generally spotty with the exception being the far northern tier of the state. NOAA’s 6 to 10 and 8 to 14-day outlook continues with a wetter than normal theme while temperatures appear to be well above normal. Rabobank states China could lose up to 200 mln pigs to the African Swine Fever, three times the US pig population. Reminder, no markets on Friday! Have a great weekend! Wayne Kollis - Melissa Peters - Mike Rosenberg - Matt Zeman - Austin Behrendsen
CFE's agronomists can walk you through this and help make your success the best possible....
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Doug Krasne, an independent business transition planner, will be hosting educational meetings about farm succession planning. We invite CFE member families to attend....
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