Will we see end of the week buying?

Overnight- Grains are higher with soybeans and wheat leading the way.

Will traders want to own futures going into the weekend?

We have storm forecasts ramping up across the Midwest.

There has been some progress in the WCB this week but how much is the question?

We think we will still be falling behind the 5 and 10 year averages. We do think planting will finish and prevent plant will be minimal unless the forecast gets worse, but funds and traders will have to manage risk.

Weather issues remain in the Black Sea and Australia along with S Brazil and China.

Picking up rumors of possibly lower corn acres than the current USDA planting intentions.

Bottomline

Planting progress remains the big driver of price and that will roll into next week. Slow progress this weekend will keep the funds nervous. This is what we will need for the next leg up in the short term. Let’s see if we can get to 5.00 & 12.50 in new crop. NFC Grain Comments Options -new (52)

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