Good Morning! The markets are trending higher with nearby soybean futures testing last week’s highs. Cold weather conditions are delaying US plantings while drought concerns linger across the northern Plains as well as central and southern portions of Brazil. Grain and oilseed traders will continue to focus on the firming cash markets and the need to produce a big crop here in the US. Precipitation was active overnight and into this morning with snow and mixed precip in the western Plains, shifting over to rain in KS and OK, continuing through the day today; action will be more scattered through the weekend into early next week, though a brief rain shot is seen in the heart of the belt Monday/ Tuesday. 6-10 day maps remain generally dry for all U.S. growing areas, with action only moving into fringe crop areas for the 11-15 day period as well. Temperatures remain safely below-normal right through the end of April Rains fell in northern Argentina over the past 24 hours, lingering there into early next week, then heavier center-west for the 6-10, leaving the east dry. Brazilian rains were scattered and beneficial center-south yesterday, though light action is seen there going forward to leave moisture concerns intact The EPA has asked industry groups for their input on the future of the nation's biofuel policy after it ends its current phase in 2022. The consultations will provide a new opportunity for the oil, corn, and biofuel lobbies to reshape the regulation, called the Renewable Fuel Standard, which has bitterly divided the two industries for more than a decade. China's National Bureau of Statistics reporting first-quarter pork production rose 31.9% from a year earlier to 13.69 million tonnes. China's pig herd increased to 415.95 million head at the end of March, a 29.5% rise on the year, and up from 406.5 million at the end of December. The Buenos Aires Grains Exchange increased its Argentina corn production estimate to 46.0 MMTs, up from its previous estimate of 45.0 MMTs. The Exchange reported corn harvest at 14% complete versus 33% a year ago. Have a great day! Wayne Kollis - Mike Rosenberg - Matt Zeman - Austin Behrendsen - Deric Den Hartog
Sat 4/17
Sun 4/18
Mon 4/19
Tue 4/20
Wed 4/21
High
52 F
63 F
41 F
42 F
45 F
Low
38 F
32 F
28 F
23 F
Precip
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20%
80%
30%
Your soil temps are crucial the first 48 hours after planting. ...
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