Grains are slightly lower overnight:
Corn – 3/4 cents/bu (May @ 5.45 3/4)
Soybeans – 1 1/2 cents/bu (May @ 14.12 3/4)
Chi Wheat – 1 3/4 cents/bu (May @ 6.10 3/4)
Cdn $ -0.00250 (79.530 cents)
WTI Crude Oil +1.49/barrel (60.05)
Happy Friday everybody!
Trade estimates for next week’s planting intentions report has been released. The trade sees U.S. corn plantings at 93.2 million acres, up 2.6% from 2020 and up 1.3% from USDA's Ag Outlook. Soybeans are seen at 90 million, up 8.3% from 2020 but nearly identical to the outlook number. Wheat would be up 1.4% from 2020.
The funds report is due to be released this afternoon. Other than that, it is expected to be a quiet day in the markets as we coast into the weekend.