On the price end, we expect futures to slowly recover some of its lost value as it approaches the supply bulge in the weeks ahead.
While Monday’s planting progress might be a bit behind pace, the forecast currently suggests there is no reason to expect it to fall to a highly concerning level.
With a year-over-year increase of 3.9%, pork production is set to make records.
The corn market is seeing the eagerness of buyers to step in on even a small pullback.
Concern remains about feeder prices and cattle feeder profitability.
Monday will be a big decision point for the corn market.
We expect rising supplies seasonally in the weeks ahead and a large offering in April and May due to heavy fall placements.
While the weather concern holds firm, this is the opportunity for producers to place hedges.
A slight hump in supply in the spring, like last year, is a concerning issue.
Soybeans ended the week's trade on a volatile note.