Butter (cash) Prices

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.

Typically, about 40% of the U.S. corn crop is planted in April.

Aside from the improved outlook for U.S. hard red winter wheat production, the northern Plains look like they may also get a break from Mother Nature.

The slow planting pace is built into the market. Investors look for new news to trade.

For soybeans, the total South American crop is down about 580 million bushels. This is a game changer. We are in a world with increasing livestock numbers and growing demand for protein.