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South Central Iowa | I think trend holds through May at least, wouldn't be surprised at early high (and no, not the one in January) this year if the acre bonanza is fulfilled.
Soybeans holding up well today. I know the March broke $10.17, but the May needs to as well in order for me to say it is truly broken. But it is picking up big volume and resistance thus far at this level.
Corn is surprising to me. It isn't doing damage by any means, but the way it opened the day up and how it had the slightly friendly number, I expected it to perform better. No big deal, but surprised its down right now; might just be soybean spillover. It could be the missing acre thing and a bad taste from last year.
Nothing up right now, but nothing down any significant amount. | |
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USDA Outlook Acres
