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The grain trade has had two days now to react to the acreage and stocks numbers from Tuesday. We expect a mostly quiet end to the trade today ahead of the Easter weekend.
Looking at this grain trade, first weekly crop progress report of the season is next Monday afternoon, and with April showers, early fieldwork delayed, but rain is going to help winter wheat in the good to excellent conditions we think slowly improving after historic early lows in the season.
And looking at this grain trade, December corn we think will struggle near that $5 level. November soybeans more range bound in our view, 11.75, 11.77 on the top, 11.30, 11.28 on the downside. And July, Kansas City wheat though, above 6.75 will be tested.
Audio Reporting by Mark Oppold for Southeast AgNet.