Grain Markets

May 19, 2014 Leave a comment


By Greg Mockenhaupt, Grain Market Contributor

Markets 5/19/14 @ 8:33am

Corn -2 @ 4.81, December -1 @ 4.80

Beans unchanged 14.65, November +5@12.27

 

-Markets are mixed this morning, with lower corn & wheat, and higher new crop soybeans

-Planting progress is expected to be over 70% for corn and 30% for soybeans this afternoon with the majority of the corn left in the northern states.

-Most are talking of more soybean acres with the “late” planting and less corn acres, however markets have been counter-intuitive as new corn has broke from highs and new beans stay strong

-Look for strong corn export inspections on the report later today

 

For more information, call Greg Mockenhaupt at the CVA East Hub. Information is listed below.

Risk Management Consultant

Central Valley Ag – ProEdge

1007 County Road O

Oakland, NE 68045

Office: 402-685-5613

Cell: 402-380-9855

 

 

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