Light rain is in store for the western Midwest Friday. Other primary crop areas will be dry. Conditions will be warm in all areas, with a hot trend in the Southern Plains. This is a mostly favorable combination going into the holiday weekend. » More DTN Weather Commentary
Posted at 5:57AM Fri May 26, 2017 CDT
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The next USDA reports are Crop Production and USDA Supply/Demand June 9, 2017.
Market Comments for May 25, 2017
Another round of rain affects the southeast half of the Corn Belt and Delta this weekend, while most other areas stay dry. Rain is starting to concern traders with the possibility of acres being switched to beans. While typically this would bring bullish news to the corn market, the surplus left from the 16/17 harvest and good planting progress kept corn in the red. Corn exports were at the bottom of the trade range this week, but did exceed the amount needed per week for the balance of the trading year. Beans were down today despite strong exports this week. The forecasted rains this weekend are not being viewed as a threat to the bean crop yet with the possibility of more acres being planted if corn acres decrease. Wheat news was sparse today except for the report of disappointing early wheat yields and protein levels. Old crop wheat exports were good this week with new crop having mediocre exports.
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