Grain News: May 14, 2019 – Markets are UP!
Planting progress is behind what the market was looking for. Corn planting was at 30% vs. 23% last week, and an average of 66%. The trade was looking for the number to be 35% to 37%. Soybean planting is 9% completed vs. 6% last week and an average of 29% for this week.
The market will focus on lack of progress and emergence of the crop. The funds are short and coming back. Make sure to get your offers in and working. Don’t pull your offers!
Make sure to have offers on old corn/beans and don’t forget about this fall, 2020 and into spring/summer 2021. Corn has some good carry in the market. Talk to any one of us to help you meet or exceed your marketing goals.
Have a great and safe week!!