Grains are mostly higher:

Corn + 2 cents/bu (May @ 5.55 1/4) ß New Crop is Lower

Soybeans + 8 3/4 cents/bu (May @ 14.21 1/2)

Chi Wheat + 3 cents/bu (May @ 6.21)

Cdn $ -0.00135 (79.715 cents)

WTI Crude Oil +1.17/barrel (59.82)

Today has been so quiet, you would think the markets are closed! Traders must be outside enjoying the nice weather!!

The Supply and Demand report is due out on Friday at noon. Traders are anticipating an increase in corn exports due to the large export sales and shipments that we have been seeing lately.

AgRural reported that Brazil’s soybean harvest moved up 7 points to 78% complete, 5% behind last year, and in line with the 5-year average.

For the next 2 weeks almost of all U.S. growing areas are projected to get good rains. If conditions across the continent are ideal, will we see some weather premium slip out of grain prices?