Plus – the most updated weather forecasts from the U.S. and abroad
Corn up 3-7 cents
Wheat up 2-6 cents Prices as of 6:50 am CDT.
Editor’s Note: Our latest Feedback from the Field analysis is live! This week’s article features an exclusive look at corn planting progress on the Holland family dairy farm in northwestern Illinois as well as photographic evidence of my favorite nephew, Gus!
The
Feedback from the Field series is an open-sourced platform for U.S. growers to share and investigate growing conditions across the country. Want to get in on the action?! Click here to take our ongoing farmer survey on crop progress at any point in the 2021 grain season. Our Google Map, updated daily, provides all past responses for farm readers.
Weather woes continue to plague wheat complex
Corn up 4-5 cents
Wheat up 4-5 cents
Editor’s Note: Our 2021
series is now live! Farmers can see how crop conditions are progressing across the United States. Want to share crop conditions from your corner of the world? Click here for the survey link. As soon as responses come in, they will be added to Farm Futures’ Google MyMap at this link. We can’t wait to hear from you!
Corn
Corn prices matched July 2013 highs in the overnight trading session, with the May 2021 Chicago flirting with the $6/bushel benchmark on rising concerns about cold weather damage to planted crops and continued planting delays due to cooler temperatures and wet soils in areas where planting is viable.
Chicago and Kansas City follow Minneapolis futures higher on yield concerns
Corn up 1-2 cents
Wheat up 8-11 cents
Corn
Corn prices inched up this morning, supported by ongoing planting delays in Brazil. Rainy forecasts in the Midwest over the next few days are also contributing to the morning’s gains.
USDA releases its weekly export sales report this morning. Old crop corn export sales are likely to register smaller volumes than last week, with market analysts projecting a range between 19.7 million – 35.4 million bushels. New crop corn export sales are expected to range between 2.0 million – 11.8 million bushels.
USDA reported two large daily flash sales of old crop corn during the week ending April 1. Japan ordered 4.4 million bushels of corn to be delivered in the 2020/21 marketing year. An unknown buyer also booked nearly 4.0 million bushels of corn scheduled for 2020/21 delivery.