CME GRAINS: Corn: $5.47 (+1.50); Soybeans: $14.3375 (+3.75); Wheat: $6.465 (-6.50)
US Cattle Report by National Beef Wire
STOCK UPDATE: Dow 30: 31,802.44 (+306.14); Nasdaq: 12,609.16 (-310.99); S&P 500: 3,821.35 (-20.59)
Market Update
Short Range Weather Forecast: Temperatures will be 15 to 25 degrees above average over parts of the Upper Midwest on Monday into Tuesday (View Report)
Weather
SCHWIETERMAN CORN: The key resistance in the May contract is at the $5.59 ¼ level, but chance are that we will not exceed that level ahead of tomorrow’s supply and demand numbers (VIEW REPORT)
NBW Market Commmentary
SCHWIETERMAN WHEAT: The wheat market is in a great position to begin a turn back higher, so as long as we avoid a bearish reaction to tomorrow’s numbers, we will likely see the wheat move back to the upper end of the trading range
Wheat
SCHWIETERMAN SOYBEANS: Both old crop and new crop soybeans made new contract highs overnight, as did the soybean oil, which leaves the bean meal as the weak link
Soybeans
Export Sales Highlights: Another poor week for grains; Great for beef and pork
Ag Reports: Most Recent
SOYBEAN EXPORTS: Net sales of 334,000 MT for 2020/2021 were up noticeably from the previous week, but down 33 percent from the prior 4-week average (VIEW REPORT)
Exports
CORN EXPORTS: Net sales of 115,900 MT for 2020/2021--a marketing-year low--were down 74 percent from the previous week and 96 percent from the prior 4-week average (VIEW REPORT)
Exports
WHEAT EXPORTS: Net sales of 219,200 metric tons (MT) for 2020/2021 were up 31 percent from the previous week, but down 51 percent from the prior 4-week average (VIEW REPORT)
Exports
National Feedstuffs: Kansas City soybean meal steady, up $150 from last year (VIEW REPORT)
Cash Prices
