Light to moderate rain is in store for the western and northern Midwest Monday, disrupting field work. Other areas will be dry, with better conditions for progress. Temperatures will be mild, especially east and south. » More DTN Weather Commentary
The next USDA report is Crop Production, May 10th.
Market Comments for April 22, 2019
The grain markets opened lower this morning after the longer holiday weekend. Our markets are facing pressure from increasing world supplies as Brazil’s corn crop continues to grow in size along with Russia’s wheat crop. Recent weather events have led to flooded riverways and blocked railways which has slowed our export pace. Traders are still not concerned with the slow planting pace so far despite extended forecasts turning wetter and cooler again. Crop progress this afternoon is expected to see corn plantings at 8% and bean plantings at 2% completed. In the absence of a trade deal with China, the path of least resistance for the grain markets continues to be down.
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