Today’s Prices

Grain Market News

Corn: Weekly Export Inspections

Corn is seeing an increase in the number of shipments being made, coming in at 46.796mmt that were shipped out.

Since the start of the crop year in September we are down 33%.

Soybeans: Weekly Export Inspections

26.3 million bushels of soybean’s were shipped out.

USDA overall believes we will be down 6.6% compared to a year ago.

Wheat: Weekly Export Inspections

Wheat came in at 13.746 bushels which is below the 17.3 million bushels that’s needed to reach the USDA target.

USDA believes we will be down 3.1% compared to a year ago.

Argentina’s Soybean Crush

May Corn Chart

Corn found support in the 6.06 area.

Corn did trade lower today all the way down to support at 6.25.

We did close 8 cents off of our lows today.

Overhead resistance at 6.35.

May Soybean Chart

Soybeans opened right ta the support level of 14.73.

The market did then trade lower finding support and then reversed trading back higher.

We did close 22 cents off of our lows.

Major chart support at 14.72.

May KC Wheat Chart

Wheat did trade down finding support on the 20-day moving average at 8.20.

We have resistance right above us at the 40-day average of 8.37.

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