Grains are higher again in overnight trading:

Corn + 3 ¾ cents/bu (May @ 5.93 ¾ )

Soybeans + 10 cents/bu (May6 @ 14.28 ¼ )

Chi Wheat + 3 cents/bu (May @ 6.56 ¾ )

Cdn $ +0.00205 (79.97 cents)

WTI Crude Oil +0.01/barrel (63.47)

Grains continue to show strength going into the weekend, as a cool USA weather forecast for the USA Midwest and Plains for the balance of April promises a slow start for both planting and development of the 2021 crop.  With very tight old crop carryouts and tremendous domestic and export demand, the world needs a big USA crop this year, so any delays to the development of the crop will be friendly for grain markets.

Short of looking at weather, there is a lack of any fresh grain marketing news this morning, which has traders putting even more focus onto world weather.  This morning there is some snow/rain falling in the western USA Plains, which is expected to move through Oklahoma and Kansas today.  Other than that, the Midwest looks to be mainly dry and for the next 10 days.  Northern Argentina saw good rains yesterday, with the west/central growing regions expecting to see good rains through the weekend.  Eastern Argentina remains dry.  Southern Brazil got some much needed rains yesterday, although going forward, forecasts call for only scattered showers, leaving overall dryness still a concern for the safrinha corn crop.

The Buenos Aries Grain Exchange did raise their Argentine corn production estimate by 1 million tonnes yesterday, citing late rains as being beneficial for the later planted crop.