Areas of the Northern Plains and western Midwest will see rain Wednesday, along with lighter coverage in the southwestern Plains and southeastern U.S. Southern Plains and areas of the southern Midwest will be mostly dry. » More DTN Weather Commentary
Posted at 12:27PM Tue May 22, 2018 CDT
Quote of the Day
"No matter what you've done for yourself or for humanity, if you can't look back on having given love and attention to your own family, what have you really accomplished?"
The next USDA report is Crop Production: June 12, 2018
Market Comments for May 22, 2018
The markets were steady to higher today with wheat leading the way on weather concerns in growing areas around the world. Dryness concerns in Russia and Australia supported wheat today as it made double digit gains during the session. Winter wheat conditions were reported at 36% G/E condition this week and spring wheat is 79% planted. Corn saw support from a declining crop size and labor issues in Brazil. Yesterday, the country’s truck drivers blocked major roadways to protest domestic fuel price increases, slowing the movement of grain to the ports. U.S. corn planting progress was pegged at 81% complete this week. Soybeans struggled to continue yesterday’s rally as lack of fresh trade war news led prices to be steady today. U.S. soybeans are 56% planted, up from 35% last week and ahead of the 5-year average.
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