Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
Questions or Comments
Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
Questions or Comments
Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
Questions or Comments
Today’s Prices
Grain markets finished higher today, rumors that Russia may not allow the continuation of the shipping corridor supported the bounce.
Weekly Price Summary
Grain Market News
Corn Production
Grain Market News
U.S. Drought Monitor
Class Change
High Temperatures
Soil Temperatures
U.S. Radar
7-Day Precipitation Forecast
Low Temperature Forecast
May Corn Chart
Corn prices shot to the upside today, today’s high at 6.68 matches the high from about 2 weeks ago.
Overall today’s move makes the chart look good and was enough to turn the technical up.
Prices are now approaching overhead resistance at the 6.68-6.70 range.
May Soybean Chart
Soybeans prices were disappointing today with an outside day down.
We did hold chart support and we did close near the upper end of the range.
Bottom line is soybean prices have been chopping back and forth over the last couple of weeks leaving the technical chopping.
May KC Wheat Chart
Wheat prices looked good today after testing chart support.
Wheat prices exploded to the upside and closed near the daily high which makes the chart look good and the technical trying to hook upward as well.
Unless we get bearish news it does look like this market may be interested in testing the area of 9.02-9.09.
Recommendations
Questions or Comments
Today’s Prices
Grain markets finished lower today party a correction from the recent run up, partly due to optimism regarding the shipping corridor, and due to some rains in the forecast.
Grain Market News
7-Day Precipitation Forecast
3-Day Snowfall Forecast
Low Temperatures
Outlook
Grain Market News
Weekly Ethanol Production
This chart shows production and last week’s production jumped sharply to 1.024 million barrels per day.
That is the best level in the last 8 weeks and close to the level needed.
Our year-to-date ethanol production is slightly below a year ago, down 2.8%.
Weekly Stocks of Fuel Ethanol
The ramp up in production allowed for a small increase in ethanol stocks.
Stocks are at 25.304 million barrels.
Ethanol Swaps
Prices still trading in that 242-245 range which are some of the best levels we have seen since last Spring.
Ethanol Profit Margins
May Corn Chart
Corn prices are lower today giving the short-term chart a little bit of a topping action.
The chart was down today but one day doesn’t make a trend.
If we don’t get friendly news the next area of chart support would be 6.25-6.30.
May Soybean Chart
Soybean prices were also lower today with a lower close.
In the very short term it does look like the chart may be turning lower, but still in an uptrend off the lows in March.
Chart support at 14.68-14.69 area.
May KC Wheat Chart
Wheat pulled back as well.
If we see follow-through prices could pull back to chart support around 8.30.
We closed today at 8.49.Recommendations
Recommendations
Questions or Comments
