Market Thoughts by Marc

Keep Up with the Markets

April 26, 2017

May corn 359 - 6           May soybeans 945 ¾ - 8 ¾      May Mpls wheat 537 ¾ +4               
July corn 366 ¾ -5         July Soybeans 956 ½ -8 ½           July Mpls wheat 550 ¾ +6 ¼      
Dec 17 corn 384 -4 ¾      Nov17   Soybeans 954 - 7 ¾      Sept 17 Mpls wheat 557 + 5 ¼ 

After a wetter forecast this morning, the afternoon run looked a little drier and the markets did a fast turn-round and closed lower. Hummm- that’s the only thing I could find.

Mpls wheat seems to be the only thing traders are worried about.

Weekly ethanol production was about the same as last week, but stocks are building.

Short – but not sweet.