Friday April 16, 2021

  • Markets sit near recent highs as we enter the last trading session of the week 
  • As the forecast continues to look cold right through April the grain prices continue to rise to keep encouraging farmers that ‘even though its cold – as soon as you have the opportunity get corn and beans in the ground!’
  • Export demands seem to be slowing into the spring –  which is typical for this time of the year
  • March NOPA Soybean crush number came in at 178 million bu – slightly below estimates but up from Februarys 155.2 million bu
  • Scattered rains across Brazil’s safrinha corn crop will offer limited relief to the overall dry crop