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2008 Crop Acreage Report Assesses Impact Of Midwest Floods
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Month End Profit Taking Today On the COBT

Corn and bean futures were under pressure this morning but by the close corn recovered most of the losses and beans actually got a little higher in the old crop. Much of todays action appeared to be end of the month profit taking

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2008 Crop Acreage Report Assesses Impact Of Midwest Floods
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Tough Day for the Grains

After the long holiday weekend the grain markets are quite a bit lower today. In the case of corn I read it was "profit taking" and planting progress or soon to be planting progress. It was warm over the weekend but looking at the forecast for the rest of the week it does not look like we will get a lot of planting done here in the upper Midwest

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2008 Crop Acreage Report Assesses Impact Of Midwest Floods
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Grains Waiting for the USDA Numbers Monday Morning

Monday morning at 11:00 AM the USDA will be releasing the Stocks Now Positions and the Planting Intentions Report. On the projected plantings traders expect that Farmers will plant around 92.748 million acres of corn this year

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2008 Crop Acreage Report Assesses Impact Of Midwest Floods
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Corn and Soybeans Down Hard this Morning

This morning at 11:00 the USDA released the March Supply Demand Report. In terms of corn and soybean carryover it was called a little "friendly." We were down a little going into the report, probably on profit taking after the run up last week

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GRAIN
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Grains a little higher today

After a big up move in beans Monday they opened a little lower this morning. However they quickly turned higher when the USDA announced a soybean sale of 568,000 MT of old crop beans sold to an unknown destination

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GRAIN
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USDA Outlook Forum Numbers

This morning the USDA released the numbers form their annual Outlook Forum. It seems this report is very "bearish" every year with some of the assumptions that the USDA comes up with in terms of production, demand and carryover

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GRAIN
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Corn and Beans going different directions today!

Beans are giving back some of their gains of the last few days. The dollar is higher which is a little negative but providing support is no more China cancelations of beans purchased from the United States

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GRAIN
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Beans Higher Today

Beans are up over 20 cents today in old crop, even new crop November beans are up around eight cents. The dollar is lower today, still too dry in Southern Brazil and Northern Argentina and also very supportive, Gordy mentioned on the air this morning that AgRural cut its Brazil production forecast to 87 MMT, down 1

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Grains holding today

After the good gains Thursday at least we at this point today not giving them all back. Corn is still flirting with the overhead resistance. Gordy mentioned this morning on the air that there are two levels of resistance very close to each other

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Grains are higher because of Export Sales

The grains are recovering some of Wednesday's losses today. Corn is up five or six, beans up eight or nine and wheat up one to two. The corn Export sales report this morning was a shocker at 1.943 MMT while the trade expected 550 to 750MMT

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