Market Update Feb 16th

Markets are closed Monday  Feb 19th in observance of Presidents Day.

Corn market has been stable this week. Rain in Brazil has slowed field work, but it is not having an impact on prices.

Beans are still watching the weather in Argentina. It is very dry and the crop is rated as 56% poor. The soymeal market has been climbing with the futures closing higher for the 8th session in a row.

The USDA outlook on Feb 22nd will give us an early estimate of what type of planted acres we will be seeing this spring.

Posted in Feed & Grain, history