Contact Us

Corn and Beans Steady, Wheat Down for 9th Day

After being under pressure since last Friday’s USDA Supply Demand Report corn and beans are  about unchanged today. With wheat down for the 9th day in a row and down about 70 cents a bushel you have to think we will see a bounce soon. Gordy said on our market report at 11:15 that there is a lot of “spread” trading going on today. Some of the funds are unwinding the long old crop beans short new crop beans plus some of the Index Funds are rolling out of the nearby contracts into the new crop on both corn and beans. Wheat is still under pressure because K C Winter Wheat did pick up a little rain and there is more “maybe”  this weekend. The market does not seem to be concerned about the cold wet weather here Minnesota or most of the corn that has not been planted yet. It is difficult for farmers here to see the price go down while we wait for better conditions to plant a crop. The attitude of traders in Chicago is, Minnesota doesn’t matter, only the ”I states” do. Someone should remind them that Minnesota ranks 3rd of 4th in corn and soybean production every year!

More from KDHL Radio

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://kdhlradio.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on KDHL Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on KDHL Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!