This week was marked by 2 events: a breakdown in negotiations with China, and the latest WASDE.
This week saw 5 days of positive action for corn in Chicago
Even with a little bounce at the end of the week for corn, it was a pretty ugly week for grain prices. This week we're discussing grain marketing fatigue and how to get some sales made. As always, we re-cap the happenings of the week.
Concern about African Swine Fever continues as precautions are taken for the Pork Expo in Iowa. USDA releases some uneventful WASDE numbers for April, and we are starting to see some progress in fieldwork despite some weather issues.
2 major USDA reports released at 11 AM Friday had a detrimental impact to the Board of Trade.
Bonus Track: Discussion with John Scott and Jim Carlson, President and Vice President of the Landus Cooperative Board of Directors.
Persistent rumors about Chinese buying interest fueled a mini rally. Concerns about excess moisture and flooding also impacting local markets. Stay tuned for a message from our Director of Fertilizer and Chemical Procurement.