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 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 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 Commentstions or CoWheat prices had a massive move today challenging contract lows of $7.36 overnight last night turning around and closing at $7.85 49 cents off the daily low. This was a massive reversal to the upside, very impressive not only from the fact we closed 44-45 cents higher, but certainly shows up as a significant move on the chart turning the technical indicators up as well. Certainly the wheat market looks like it confirmation of bottoming action today.
Today’s Prices
Grain markets finished mostly lower today as the trade prepares for what they believe will be a bearish crop report tomorrow.
Grain Market News
7-Day Observed Precipitation
The far southwestern plains in Kansas, Texas, and Oklahoma are missing out on rain but they had rain 2 weeks agio.
The blue areas may be of concern.
High Temperatures
Yesterday’s high temperatures were almost perfect.
Mid 70s to mid-80s for the entire U.S. corn and bean belt
U.S. Radar
The radar shows scattered showers which have been common over the last week or so.
7-Day Precipitation Forecast
The forecast shows significant rains in the northern plains with 1-3 inches.
Heavy rains in Texas, pushing northward into southern Oklahoma area with 2-4 or 3-5 inches of rain or more.
Outlook
The 6-10 days are mostly dry for the northern 3/4 of the belt which continues into the northern 2/3 of the belt in the 8-10 day.
Temperatures generally cooler to the southeast and warmer to northwest.
The central belt like Iowa could be somewhat close to normal.
Grain Market News
Corn: Weekly Export Sales
Soybeans: Weekly Export Sales
Wheat: Weekly Export Sales
Ending Stocks
May Corn Chart
Corn prices have been very choppy.
We rallied through March into April and then we fell sharply at the end of April and beginning of May.
The bottom line is prices are now consolidating near the low end of the range.
May Soybean Chart
Soybeans rallied and fell just like corn up and down.
Soybeans are now also consolidating near the lower end of the range with some of the lowest prices we’ve seen over the last 10 months.
May KC Wheat Chart
Wheat prices are up, they are up about a $1.
Prices are getting close to initial overhead resistance with technical indicators getting into the overbought range.
With the crop report out tomorrow, chart and technical will not dominate tomorrow it will be the crop report that determines wheat prices.
Recommendations
Questions or Comments
