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Gary's Blog 04/28/26 1:27:30 PM
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4-27-26 Planting progress %
TW LW OH
Corn 25 11 20
Beans 23 12 19
4-28-26
Wheat exploded to the upside today as reality is setting in that the HRW crop is in trouble. The core HRW states crop ratings (G/E) are horrible and traders now realize that crop size is shrinking rapidly. Chicago (SRW) followed along posting new highs on the move. Corn followed and is nearing old highs in both the nearby and new crop contracts. Soybeans didn’t participate in the action, closing 4 cents lower in the May. Planting progress is ahead of historical averages with corn at 25% complete and beans not far behind at 23%. A drier but cooler forecast is on tap for the first week of May. We should start to see some of those northern states get rolling once things dry out closer to Mother’s Day.
4-27-26
Grains where higher today as weather forecasts are less than favorable. Rains in HRW country were disappointing and it’s expected to show in this week’s crop ratings. SRW futures finished double digits higher in sympathy. This puts cash bids near the $6 mark locally, which has been a target of producers for a while now. The summer row crops also spent the day deep in the green as conditions are just too wet/cold for germination/planting. Maps are advertising a cold/wet start to May for the entire Cornbelt. Planting delay premiums are starting to creep in. Once the calendar flips to May weather maps will have traders’ full attention.
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