Grain Exchange – Extended Hours Available
The sun is finally starting to show and the hopefully that means farmers are able to be in the fields.
US weekly crop progress was released yesterday the results are as followed:
- Soybeans were 75% harvest vs 62% a week ago, still below 5 year average at 87%
- Corn was 52% harvested vs 41% last week, still behind the 5 year average at 75%
- Corn maturity is at 96% mature vs 93% last week, behind the 5 year average at 100%
- Winter wheat is 89% planted, 71% emerged which is better than last year.
Corn ended down 2 which was surprising because the corn harvest was expected to be further along than where it is. It seems that yields have been better than expected.
Beans ended down 4, still no deal with China which was expected be almost completed by now. There is chatter that the UDSA could be lowering yield on Friday so there could be some potential in beans.
Wheat it up 5, so there is a least some positive in the market.
As inclement weather is approaching please stay safe. If you need extended hours to beat the snow please contact your local grain office.