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Market Update for April 27, 2018

Ben Potter talks about factors impacting the market. (audio)

Corn, soybeans and wheat all ended higher on Friday.

There were two export sales reported this week:

  • April 26 – 4.2 million bushels of corn to unknown destinations
  • April 24 – 4.8 million bushels of soybeans to Argentina
     

The Crop Progress report on Monday afternoon will be interesting. Did we catch up at all? Corn is only at 5% planted per the last report, vs. 14% five-year average. We should also note that it’s easy to catch up when you’re “behind” and there’s plenty of anecdotal evidence on Twitter and elsewhere on the web of planters rolling all over the Midwest right now.

 

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