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Gary's Blog 04/24/25 2:26:20 PM
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4-21-25 planting progress
TW LW Corn 12% 4% Beans 8% 2%
4-24-25 It was risk on day across all markets as grains and the macros rallied. A sense of calm was felt as trade deals appear to be in the works. Planters are rolling full force in Ohio with both corn and beans going in the ground. We could see planting progress numbers as high as 25% come Monday. If we get the forecasted rain on Friday, it will slow things down a bit, but warm temps make their way back early next week. It appears we have went directly from winter to summer with the dynamic shift in the weather pattern this week.
4-23-24 The trend on the CBOT continues as corn/wheat slide lower while the soy complex saw modest gains. The rapid planting pace had funds exiting long corn positions as the thought process is more acres will be planted with better weather. Cash movement has slowed as producers have other things on their minds and the market hasn’t given them anything new. Basis is also stagnant after the rapid spring appreciation we saw. It’s all about weather and trade talks for now.
4-22-25 Planting pace came in ahead of normal last night which put some pressure on the corn market. The general rule of thumb is “more corn gets planted the earlier we start.” This has traders now plugging in a 96-ish type acre number. Overall, the weather looks favorable for germination and planting windows around the belt. Beans landed squarely in the green as they (most likely) are the victim of the lost acres.
4-21-25 It was more of a macro day in the trading world with the DOW down nearly 1,000 points. The risk off sediment bled into the grains as early gains faded away as the day went on. Planting progress numbers are expected to hit double digits tonight which would be slightly ahead of historical averages. Storms are expected in the drier areas of the WCB while the ECB sees a small planting window this week. (weekend rains) Temperatures are finally warming with the entire belt to see average to above normal readings the next 10 days. Locally we could be back in the fields as early as tomorrow afternoon.
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