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.
The cattle market will deal with very large feedlot numbers from mid-March through May.
Investors seen watching the weather maps along with the uptrend line in May corn, next week.
While futures and cash are in uptrends, we remain a little concerned over feedlot profitability, Nelson says.
Don’t risk missing the chance to lock in profits on the hopes of a little higher price later in the spring/summer.