Watching the radar!

Overnight- Grains are higher with wheat leading the way.

Weather is the key driver of all markets right now.

There are rains forecasted starting tomorrow and expanding over the weekend. How much was able to get done the last 3 days?

More heavy rains headed for S Brazil and no relief for crop stress in the Black Sea and Australia.

Weekly exports sales were on the low side of expectations with soybeans being the worst performer.

Couple that with the dramatically lower than expected crush report for April and the soybeans have more headwinds.

Bottomline

Planting progress will be key. If we see little activity the next 5 days, the market will likely give another run to the highs and hopefully higher. There is little worry that the crop will not get planted but funds short covering will continue to be key and the weather will be the catalyst. NFC Grain Comments Options -new (51)