4/17/2024

An uneventful week for corn and soybeans so far.  A large majority of the volatility has been isolated to the soy trade which today saw beans finish 1-5 higher, meal $3 higher, and some small gains in oil.  Corn traded less than a 4-cent range today, finishing 1-2 cents lower.  We are in the early part of the U.S. planting window and pace is average, so far.  A fresh shot of moisture across a good portion of the grain belt over the past few days will also encourage the funds to maintain their current position.  There is a bit of a buzz about conditions for the Brazil second crop.  The crop is currently a little thirsty and forecasts show that the hot and dry weather will persist for now.